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.
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.
