The S&P 500 rose significantly during the course of the day on Tuesday, breaking above the 1900 level on Monday certainly told us that the market was
The S&P 500 rose significantly during the course of the day on Tuesday, breaking above the 1900 level on Monday certainly told us that the market was going to go higher but the move on Tuesday was a bit surprising. It appears now that pullbacks at this point time should be thought of as buying opportunities, and we have no interest in selling because of it. The market looks as if it’s going to go to the 2000 level given enough time but at this moment we think that there are going to be plenty of bumps along the way.
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.
