S&P 500 Price Forecast August 28, 2017, Technical Analysis

The S&P 500 went sideways initially during the day on Friday but then reached towards the 2450 handle. We pulled back, and towards the end of the day, it looks as if we are trying to get back to that level again. Because of this, I believe that the market is still very bullish and the pullback should continue to offer buying opportunities. Eventually, I expect to see this market reach towards the 2500 level above, and that being the case I have no interest in shorting this market. I believe that S&P 500 traders remain bullish, even though there has been a lot of volatility as we are in the middle of holiday season.

S&P 500 Video 28.8.17