The S&P 500 initially fell during the day on Tuesday, turning around to form a hammer. The hammer of course is a bullish sign, and if we can break out
The S&P 500 initially fell during the day on Tuesday, turning around to form a hammer. The hammer of course is a bullish sign, and if we can break out to refresh, new high, the market should continue to go higher. This is a longer-term uptrend, and thus it’s only a matter time before the buyers take over. If we continue to see buyers jump into this market, I feel it’s only a matter time before we go higher. The 2250 level underneath continues to be the “floor” in this market going forward.
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.
