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S&P 500 Price Forecast August 29, 2017, Technical Analysis
Updated: Aug 29, 2017, 04:14 GMT+00:00
The S&P 500 initially Monday, but found enough support at the 2435 handle to turn around and reach towards the 2450 handle. That’s an area that has
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The S&P 500 initially Monday, but found enough support at the 2435 handle to turn around and reach towards the 2450 handle. That’s an area that has been resistive, so having said that I think we can break above that level and continue to go higher. In the short term though, I suspect that we are going to go sideways, and therefore trade back and forth between the 2435 handle underneath and the 2450 handle above. Choppiness should continue to be a mainstay of the market as we are heading into a very illiquid time of year.
S&P 500 Video 29.8.17
About the Author
Christopher LewisSenior Analyst
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.
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