Advertisement
Advertisement

S&P 500 Forecast October 29, 2014, Technical Analysis

By:
Christopher Lewis
Updated: Aug 25, 2015, 07:00 UTC

The S&P 500 broke higher during the course of the day on Tuesday, clearing the top of the hammer for Monday. This of course is a very bullish sign,

S&P 500 Forecast October 29, 2014, Technical Analysis

The S&P 500 broke higher during the course of the day on Tuesday, clearing the top of the hammer for Monday. This of course is a very bullish sign, and we continue to believe that this market will eventually go to the 2000 handle. We are buying dips as they occur on short-term charts, and believe that ultimately we will break above 2000 and test the highs and 2020 yet again. The move recently has been a bit parabolic though, so a pullback would not be surprising, as no market can go in one direction forever.

 

sp500

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.

Did you find this article useful?

Advertisement