The S&P 500 initially fell during the week, but turned around to form a hammer. A hammer of course is a bullish sign and thus I think that we will
The S&P 500 initially fell during the week, but turned around to form a hammer. A hammer of course is a bullish sign and thus I think that we will eventually continue to go higher. If we can break above the top of a hammer, I think that the market will reach towards the 2300 level, and further than that. Pullbacks continue to offer buying opportunities, in a market that I believe will continue to show US strength in the stock markets. Selling isn’t even a thought at this point.
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.