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.
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.
