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.
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.
