The S&P 500 as you can see had a volatile session during the day on Thursday, forming a hammer by the time we closed. Because of this, it appears of
The S&P 500 as you can see had a volatile session during the day on Thursday, forming a hammer by the time we closed. Because of this, it appears of the market does in fact have a bit of support down here, and we believe that a break higher should send the buyers stepping back into the marketplace but we need to see the market clear the 1900 level as the top of the shooting star from the Tuesday session would also be broken, meaning that it would be at least two signals of strength.
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.
