The S&P 500 gapped higher at the open of the week, and then shot towards the 2400 level. However, we turned around to form a less impressive candle,
The S&P 500 gapped higher at the open of the week, and then shot towards the 2400 level. However, we turned around to form a less impressive candle, but I believe that any pull back from here will find buyers to continue the longer-term uptrend. I have no interest in shorting the S&P 500, it has been bullish for a very long time, and I think that should continue to be the case, reaching towards the 2500 level. The 2300 level below should continue to be the absolute floor in this market.
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.
