The S&P 500 broke higher during the course of the session on Friday, testing the 2100 level. That being the case, the market looks as if it is trying
The S&P 500 broke higher during the course of the session on Friday, testing the 2100 level. That being the case, the market looks as if it is trying to break out to the upside but it will be a bit difficult to continue to go higher. However, we do think that is what’s going to happen, and with that we are buyers every time we pullback. Ultimately, we believe that breaking above the highs sends this market to the next leg up. Pullbacks are buying opportunities in our opinion, and as a result there is no selling as far as we’re concerned.
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.
