The S&P 500 initially fell during the day on Tuesday, but found enough support of the 2120 level to turn things around and form a very supportive
The S&P 500 initially fell during the day on Tuesday, but found enough support of the 2120 level to turn things around and form a very supportive candle. Because of this, looks as if we are going to continue to grind higher, and I believe that were going to try to reach towards the 2180. However, with the US Presidential elections going on during the day, it appears that a surprise by Donald Trump could turn the market right back around. Beyond that, we should continue to see a gradual grind higher as traders prefer gridlock over change.
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.
