The S&P 500 of course was closed for Martin Luther King Jr. holiday, in the United States. However, the CFD markets were open but continued to look
The S&P 500 of course was closed for Martin Luther King Jr. holiday, in the United States. However, the CFD markets were open but continued to look very flat at the 2275 handle. I think there’s a significant amount of resistance just above, but it seems clear to me that the buyers are in control. As we try to build up momentum, it’s only a matter of time before he breakout to the upside and reach towards the 2300 level. If you can handle the volatility, this is a market that should continue to go higher given enough time and effort.
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.
