The S&P 500 fell during the day on Friday in reaction to the stronger than anticipated jobs number out of America, mainly because of fears of a
The S&P 500 fell during the day on Friday in reaction to the stronger than anticipated jobs number out of America, mainly because of fears of a potential rate hike. Ultimately though, we think there is more than enough support just below to keep this market going higher, and we look at supportive candles as reason enough to start going long again. We have no interest in selling, and believe that the S&P 500 will continue to favor the upside and eventually break above the 2130 handle. With that being said, we expect a lot of volatility.
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.
