The S&P 500 rose during the course of the day on Thursday, but found the 1950 level to be a bit resistive, making it look as if we will get a
The S&P 500 rose during the course of the day on Thursday, but found the 1950 level to be a bit resistive, making it look as if we will get a short-term pullback here. That makes sense though, because we have bounce so drastically, and with a massive uptrend and somewhat parabolic move. With that, we think that pullbacks should continue to be buying opportunities, and a supportive candle would have us going long of this market as we believe that ultimately goes to the 2000 level. With that being said, we have no interest whatsoever in selling this market.
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.
