The S&P 500 initially fell during the course of the week, but found enough support near the 2065 level to turn things back around and continue to go
The S&P 500 initially fell during the course of the week, but found enough support near the 2065 level to turn things back around and continue to go higher. We are getting towards the top of the recent consolidation area, so we think that the markets are simply trying to build up enough momentum to continue going much higher. We look at this market as one that cannot be sold, and as a result longer-term traders will essentially have to deal with volatility but should be rewarded in the end.
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.
