The S&P 500 fell on Thursday, testing the 2250 handle. This is an area that should offer quite a bit of support though, so I believe it’s only a
The S&P 500 fell on Thursday, testing the 2250 handle. This is an area that should offer quite a bit of support though, so I believe it’s only a matter of time before we bounce. A supportive candle would be a great thing to see here, as it would be a buy signal in a longer-term uptrend. However, I would expect a lot of volatility as the markets seem to be a bit exhausted now. Pullbacks continue to offer value longer-term though, so if you have the ability to hang onto the market, or perhaps take a smaller position, I would still be bullish.
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.
