The S&P 500 as you can see broke out during the course of the session on writing, clearing the top of the hammer from Thursday. Because of this, it
The S&P 500 as you can see broke out during the course of the session on writing, clearing the top of the hammer from Thursday. Because of this, it looks like the market is going to continue going higher, as the hammer sat right on top of an uptrend line. Eventually, we feel that this market will test the 2000 level, and then ultimately the 2020 level. Pullbacks at this point time should continue to be buying opportunities, as all of the US indices continue to look very strong, thereby making is very bullish.
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.
