The S&P 500 fell on Monday as traders come back to work. However, we are still very much within the consolidation area so I’m not concerned about it
The S&P 500 fell on Monday as traders come back to work. However, we are still very much within the consolidation area so I’m not concerned about it yet. Given enough time, I think we will get a supportive candle that we can start buying as the market continues to try to build up enough momentum to continue the longer-term uptrend, and of course break out and above the 2275 handle which has been so resistive. Stay tuned here at FX Empire, and I will let you know when I start buying. I have no interest in selling quite yet.
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.
