The S&P 500 fell hard during the course of the week, crashing into the 2000 handle. This is an area that should be rather supportive though, so having
The S&P 500 fell hard during the course of the week, crashing into the 2000 handle. This is an area that should be rather supportive though, so having said that, we feel that supportive candles are buying opportunities as is market should then reach towards the 2040 handle, and perhaps back towards the high again. With this, we feel that there’s no way to sell this market quite yet, as it would be chasing the trade. Ultimately, we think that a lack of volume probably has a lot to do with what is happening at the moment.
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.
