The S&P 500 fell during the course of the session on Thursday, as we continue to meander back and forth in a relatively tight consolidative area.
The S&P 500 fell during the course of the session on Thursday, as we continue to meander back and forth in a relatively tight consolidative area. However, we recognize that the 2100 level below is supportive, and as a result we feel that it’s only a matter of time before we go higher again. We are buyers and believe that the GDP numbers coming out during the session could be reason enough to start buying the S&P 500 as the longer-term uptrend continues to be very diligent, and obvious at this point in time.
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.
