The S&P 500 went back and forth on Wednesday as we are starting to run out of strength. However, I think that a pullback only to be a nice buying
The S&P 500 went back and forth on Wednesday as we are starting to run out of strength. However, I think that a pullback only to be a nice buying opportunity on longer-term charts, so patient will be needed to pick up the profits that await in this index. I have no interest in shorting, with the bullish pressure that we have seen, I feel it’s only a matter of time before the buyers return. Because of this, it’s probably best to be on the sidelines as we await more momentum to continue climbing.
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.