The S&P 500 fell rather significantly during the course of the day on Monday, and has now broken below the 2000 level. If we can continue and go below
The S&P 500 fell rather significantly during the course of the day on Monday, and has now broken below the 2000 level. If we can continue and go below the bottom of the range for the session on Monday, this market should continue to grind its way much lower. At that point in time we would be sellers. On the other hand, if we do not break down below that range, we have no interest whatsoever in selling as it would show that the market is going to continue to fight back and forth.
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.
