The S&P 500 initially rose during the course of the week but turned back around to form a massive shooting star. The shooting star of course is a very
The S&P 500 initially rose during the course of the week but turned back around to form a massive shooting star. The shooting star of course is a very negative sign, but with this type of bullish and impulsive behavior just below, we feel that it is simply the market getting ready to pull back in and try to find more momentum to finally break above the 2130 handle. With this, we look at pullbacks as potential value that we need to take advantage of on signs of support and of course bouncing.
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.
