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.
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.
