The S&P 500 fell during the day on Thursday, as the 2120 level offered far too much in the way of resistance. By doing so, it looks as if we are going
The S&P 500 fell during the day on Thursday, as the 2120 level offered far too much in the way of resistance. By doing so, it looks as if we are going to test the 2100 level for support. There should be plenty support there though, so this point in time I believe it’s only a matter of time before buyers jump back into this marketplace and start pushing to the upside. I have no understand selling, and do believe that it’s only a matter of time before we break out and continue the longer move higher.
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.
