S&P 500 Price Forecast August 24, 2017, Technical Analysis

The S&P 500 fell initially on Wednesday, breaking below the 2450 handle again. However, we are starting to see traders come back into the marketplace late in US trading, and it looks likely that the “buy on the dips” mentality continues. I think that the market will continue to be volatile, because quite frankly the volume is low. However, it’s probably only a matter of time before we go looking towards the 2475 level again. I believe that the 2425 level underneath is massive support, and the bottom of the uptrend currently looks to be 2400 below.

S&P 500 Video 24.8.17