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.
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.
