The S&P 500 gapped higher at the open on Monday, and never look back. We are now approaching the 2500 level, just 15 points away. That level will be
The S&P 500 gapped higher at the open on Monday, and never look back. We are now approaching the 2500 level, just 15 points away. That level will be resistive, but I think if we can break above there, the market becomes more of a “buy-and-hold” scenario. Buying dips should continue to be the way going forward, and even if we do pull back, the gap that formed at the beginning of the session should offer plenty of support if you are patient enough to wait for the buyers to come back. I have no interest in shorting the S&P 500.
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.
