The S&P 500 has been volatile during the day on Wednesday, but finally cleared the 2450 level with a vengeance. That being the case, looks as if we
The S&P 500 has been volatile during the day on Wednesday, but finally cleared the 2450 level with a vengeance. That being the case, looks as if we are continuing the “buy on the dips” mentality that we have seen for some time, and I think that the sellers are in serious trouble. Yes, I can give you plenty of reasons as to why the market should be falling, but quite frankly it doesn’t look like anybody cares. With this being the case, buying on the dips should continue to be the way forward, and I think the market is going to try to reach the 2475 level next.
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.
