The S&P 500 fell over 1% during the session on Wednesday, as we sliced through the 1950 level. There is a significant amount of support near the one
The S&P 500 fell over 1% during the session on Wednesday, as we sliced through the 1950 level. There is a significant amount of support near the one 1940 level though, and we did bounce from it. On top of that, we do have the nonfarm payroll numbers coming out tomorrow, so today could be a fairly benign session. With that, we are going to avoid playing this market today, it’s simply wait until we see what kind of setup we have going into nonfarm payroll Friday. Ultimately, we think it’s only minor time for the buyers step back in though.
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.
