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.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
