The S&P 500 tried to rally on Friday, but continues to find the 2275 level a bit too exhaustive. Because of this, I believe that every time we pull
The S&P 500 tried to rally on Friday, but continues to find the 2275 level a bit too exhaustive. Because of this, I believe that every time we pull back the buyers will return, as we are trying to build up enough momentum to finally break out and reach towards the 2300 level. Given enough time, the buyers should continue to push this market much higher. The 2250 level underneath should continue to offer a floor and this market. With this, I am bullish and I have no interest whatsoever in selling.
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.
