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.
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.
