The S&P 500 fell slightly during the course of the day on Wednesday, but I still see a significant amount of support below at the 2150 handle. It’s
The S&P 500 fell slightly during the course of the day on Wednesday, but I still see a significant amount of support below at the 2150 handle. It’s possible the crude oil inventory numbers coming out more bearish than anticipated may have stock market traders a bit nervous, due to the fact that the lack of energy demand could signal that perhaps the economy is slowing down a bit. Ultimately, a supportive candle below is more than likely going to be a nice buying opportunity based upon value as the market has been so bullish lately.
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.
