The S&P 500 rallied on Tuesday, showing signs of life yet again. As I had suggested yesterday, I thought there was support just below there and it
The S&P 500 rallied on Tuesday, showing signs of life yet again. As I had suggested yesterday, I thought there was support just below there and it looks as if we’re going to continue to go higher. I’m a buyer, and I believe that we will reach towards 2300, as the NASDAQ 100 has already broken out to a fresh, new high. Remember, these 3 indices tend to move in the same direction longer-term, so that might be reason enough for buyers to get involved. I believe that the 2250 handle below is essentially the “floor.”
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.
