The S&P 500 initially fell during the week but bounced from the uptrend line that has been so supportive. Because of this, I believe that the S&P
The S&P 500 initially fell during the week but bounced from the uptrend line that has been so supportive. Because of this, I believe that the S&P 500 is hell-bent on getting to the 2500 level. With this, I believe in buying dips, and I believe that once we break above the 2500 level, we are clear to go much higher. This is a market that certainly seems to be favoring dips, as the markets have been so strong. If we were to break down below the uptrend line, and more importantly the 2400 level, the market could then break down significantly.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
