The S&P 500 went back and forth during the course of the session on Wednesday, forming a fairly neutral candle. I still believe that the 2120 level
The S&P 500 went back and forth during the course of the session on Wednesday, forming a fairly neutral candle. I still believe that the 2120 level below is massively supportive, and it extends down to the 2100 level. Because of this, I more than willing to start buying a supportive candle below, as it should offer a bit of value in a market that has sold off rather drastically. In the meantime, I believe that this is a market that is simply going to grind sideways overall, offering back and forth range trading.
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.
