The exchange had a slightly volatile session during the day on Wednesday, as we continue to hang about the 2080 handle. However, we believe that there is
The exchange had a slightly volatile session during the day on Wednesday, as we continue to hang about the 2080 handle. However, we believe that there is enough support just below to push this market higher given enough time, and as a result we are buyers. We have no interest in selling, and we believe that the 2050 level below is essentially the “floor” in this market. As we grind our way higher, we do fully anticipate seeing the S&P 500 break out to fresh new highs, and continue the uptrend overall.
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.
