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

By
Christopher Lewis
Updated: Aug 25, 2015, 03:00 GMT+00:00

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.

 

About the Author

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.

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