The S&P 500 initially fell during the course of the week but found enough support near the 2070 level to turn things around and form a bit of a
The S&P 500 initially fell during the course of the week but found enough support near the 2070 level to turn things around and form a bit of a hammer. The hammer of course is a bullish sign, and if we can break above the top of it, but extensively the 2100 level, we believe this market should then go to the 2130 handle. After that, we should continue to go much higher as this is a very bullish market overall. We have no interest whatsoever in selling at this point.
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.
