The S&P 500 as you can see fell rather hard during the course of the day on Tuesday, slicing through the 1950 level. Although we have not broken
The S&P 500 as you can see fell rather hard during the course of the day on Tuesday, slicing through the 1950 level. Although we have not broken through the major support yet, we must certainly recognize and admit now that the S&P 500 looks extraordinarily vulnerable. However, during the session today we do have the Federal Reserve Meeting Minutes coming out, and with the announcement, there could be a quick turnaround in the marketplace. At this point in time, we have to favor the downside for the short-term trader, but do realize things could change drastically in the afternoon.
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.
