The S&P 500 broke higher over the week, clearing the 2250 handle. This is a market that looks like it is ready to continue going higher, and at this
The S&P 500 broke higher over the week, clearing the 2250 handle. This is a market that looks like it is ready to continue going higher, and at this point in the short-term pullback that shows even the remotest amount of support should be a buying opportunity. I also believe the breaking above the top of the range for the week is also going to bring buyers into the market. I cannot sell the S&P 500 right now, it is simply far too strong. At this point, I believe the 2500 and will be targeted over the next several months.
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.
