The S&P 500 rose during the course of the session on Monday, using 2080 as a bit of a springboard to go higher. With this, we believe that the market
The S&P 500 rose during the course of the session on Monday, using 2080 as a bit of a springboard to go higher. With this, we believe that the market will eventually break above the 2100 level, and continue to go much higher at that point. We believe that it’s only a matter time before we break out above there as well, so we are buyers of pullbacks as there should be plenty of support just below going forward. In fact, we believe that the 2050 level is essentially the “floor” in this market.
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.
