The S&P 500 fell a bit during the day on Friday, but continues to find support near the 2340 handle. I think that every time we pull back value
The S&P 500 fell a bit during the day on Friday, but continues to find support near the 2340 handle. I think that every time we pull back value investors will get involved, and that the absolute “floor” in the market is the 2300 handle. Given enough time, I think we continue to go towards the 2500 level. This is a market that is extraordinarily bullish, so I think that it’s only a matter of time before the buyers get involved. Selling isn’t even a thought currently, as the US indices overall look very strong.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
