The S&P 500 fell during the course of the session on Monday, breaking below the 1900 level. There is quite a bit of support below though, so we feel
The S&P 500 fell during the course of the session on Monday, breaking below the 1900 level. There is quite a bit of support below though, so we feel that sooner or later we should find supportive candles in order to start buying. There is a lot of noise between here and the 1950 level, and as a result it’s likely that there will be a lot of volatility between here and there, but it does look like we are about to see a bit of a bounce. Ultimately, there are easier trades but we do have an upward bias.
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.
