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.
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.
