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.
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.
