S&P 500 fell initially during the course of the week but found enough support near the 2000 level to turn things back around and smash into the 2060
S&P 500 fell initially during the course of the week but found enough support near the 2000 level to turn things back around and smash into the 2060 level. That’s an area that has little bit of resistance, but ultimately we believe that if we get above there the market should then head towards the 2100 level. The market is most certainly in an uptrend, so we have no interest in selling anyway. Pullbacks should offer buying opportunities but you may have to look at shorter-term charts in order to find the correct candles.
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.
