The S&P 500 went back and forth during the course of the session on Thursday, testing the 2090 level for support. Ultimately, we think there is more
The S&P 500 went back and forth during the course of the session on Thursday, testing the 2090 level for support. Ultimately, we think there is more than enough support below here to keep this market going higher over the longer term, but with the Nonfarm Payroll numbers coming out today, we could get a bit of volatility and perhaps even a knee-jerk reaction to the downside. Ultimately though, we think that will only offer value and therefore people will start buying again. On the other hand, if we break above the top of the range for the session on Thursday, we would be buyers there as well.
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.
