The S&P 500 broke higher during the course of the week, clearing the top of the hammer from the previous week, sending this market well above the 1950
The S&P 500 broke higher during the course of the week, clearing the top of the hammer from the previous week, sending this market well above the 1950 level, and now looking to get as high as the 2000 handle in the short-term, and probably much higher than that given enough time. Pullbacks at this point time should continue to be buying opportunities as is market should continue to attract buyers every time we get perceived value. Ultimately, we think that the market does break out to the upside and it does continue to go much higher.
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.
