The S&P 500 gap lower at the open on Monday, reaching towards the 2270 handle. I think there’s a lot of support just below here, so it’s only a matter
The S&P 500 gap lower at the open on Monday, reaching towards the 2270 handle. I think there’s a lot of support just below here, so it’s only a matter of time before we form some type of supportive candle and start buying. When that happens, I won’t hesitate to start going long, on the bounce and of course the supportive candle. Given enough time, the market should then reach towards the 2300 level, and then even higher than that given enough time. I have no interest in selling, and I recognize the fact that the US stock indices continue to lead the rest of the world.
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.
