The S&P 500 tried to rally during the week, and did in fact keep some of the gains. However, looks as if we are starting to struggle a little bit with
The S&P 500 tried to rally during the week, and did in fact keep some of the gains. However, looks as if we are starting to struggle a little bit with momentum, so I feel that the market should pull back giving us an opportunity to pick up value in this market. The 2300 level underneath continues to be the “floor” as far as I can see. I believe that we do go higher, but being a bit overextended should have most traders looking for lower levels in order to get involved.
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.
