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S&P 500 Forecast October 27, 2014, Technical Analysis

By:
Christopher Lewis
Updated: Aug 25, 2015, 03:00 UTC

The S&P 500 broke higher during the course of the session on Friday, breaking above the 1960 level. That being the case, the market looks as if it’s

S&P 500 Forecast October 27, 2014, Technical Analysis

The S&P 500 broke higher during the course of the session on Friday, breaking above the 1960 level. That being the case, the market looks as if it’s ready to go much higher, and we believe that ultimately the market will test the 2000 level, and then possibly the 2020 level. That being the case, we feel that the market should continue to offer buying opportunities every time he drops as the US indices all look like the ready to take off to the upside. That being the case, we are buyers and certainly have no interest in selling this market.

 

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About the Author

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.

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