The S&P 500 rallied a bit during the day on Friday, as we continue to consolidate back and forth just below the 2500 level. If we can break above the
The S&P 500 rallied a bit during the day on Friday, as we continue to consolidate back and forth just below the 2500 level. If we can break above the 2500 level, the S&P 500 should continue to go much higher. In the meantime, pullbacks look like they are short-term buying opportunities as we continue to bounce around in a steady range. I have no interest in shorting the S&P 500, even though we are bit extended, it appears that traders are willing to buy the dips every time they appear. Comfort will be found above 2500.
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.
