The S&P 500 fell during the course of the week, reaching down towards the 2180 handle. However, on Friday we did see a bit of a bounce and as a result
The S&P 500 fell during the course of the week, reaching down towards the 2180 handle. However, on Friday we did see a bit of a bounce and as a result it looks like we are going to continue the uptrend after all. I believe that the 2180 level will offer significant support, and then eventually reach towards the 2250 handle. This is a longer-term move, and as a result it should continue. I believe that the S&P 500 will continue to be one that you can only buy.
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.
