The S&P 500 went back and forth during the day on Wednesday, essentially going nowhere. There was a lot of volatility though, as the Federal Reserve
The S&P 500 went back and forth during the day on Wednesday, essentially going nowhere. There was a lot of volatility though, as the Federal Reserve released a more hawkish than anticipated statement. At the end of the day though, we believe that the S&P 500 will continue to climb, although a slight pullback might be needed in order to pick up enough momentum to reach our target of 2000. Going forward, we fully anticipate a target to be reached and of course broken above as the market should continue its upward trajectory.
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.
