The S&P 500 rose a bit during the course of the session on Wednesday, as we continue to try to break above the 2070 handle. We believe that the
The S&P 500 rose a bit during the course of the session on Wednesday, as we continue to try to break above the 2070 handle. We believe that the Unemployment Claims number out of the United States could be the catalyst to go higher, and on a move above 2070, we of course are buyers. We also recognize that pullbacks could offer support as well, and as a result we could be convinced to start buying at lower levels on signs of supportive action or bounces off of several levels lower than current pricing.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
