The S&P 500 had a negative week, as we are a bit overextended. However, we started to bounce towards the second half of the week, so I believe it’s
The S&P 500 had a negative week, as we are a bit overextended. However, we started to bounce towards the second half of the week, so I believe it’s only a matter of time before the buyers return every time we dip. The 2300 level below should be massively supportive, so that I think that the buyers will continue to run this market. I think that you need to look for dips as value, but eventually I expect this market to go to the 2500 level. Ultimately, I have no interest in selling.
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.
