The S&P 500 had a positive session on Tuesday, as traders came back from the Presidents’ Day holiday. The rest of the world has been bullish, so it
The S&P 500 had a positive session on Tuesday, as traders came back from the Presidents’ Day holiday. The rest of the world has been bullish, so it makes sense that New York played a little bit of catchup. I believe that this market will find buyers every time it pulled back, because quite frankly this is one of the strongest markets I follow. I believe that the 2350 level is soft support, but I believe that the absolute “floor” is at the 7300 level. American indices should continue to lead the rest of the world.
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.