The S&P 500 fell significantly during the course of the session on Monday, as the sellers came back out. However, there is more than enough support
The S&P 500 fell significantly during the course of the session on Monday, as the sellers came back out. However, there is more than enough support below to keep this market going higher, so having said that we are waiting to see whether or not we see some type of supportive candle below in order to start buying yet again. Once we get that, we will not hesitate to start buying the S&P 500 as it shows real strength. The 2130 level above will offer resistance, but ultimately it will get broken to the upside.
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.
