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.
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.
