The S&P 500 had a very choppy session on Wednesday, as we continue to bang up against the 2275 level. That’s an area that has been massively
The S&P 500 had a very choppy session on Wednesday, as we continue to bang up against the 2275 level. That’s an area that has been massively resistive, and I think it will continue to be. As soon as we make a fresh, new high, the market should then go to the 2300 level above. Pullbacks continue to find buyers and with this I have no interest in selling this market, believing that the S&P 500 will continue a longer-term moved to the upside. Ultimately, there is no way to short the US indices overall and of course the S&P 500 will be any different.
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.
