The S&P 500 had a slightly positive session on Tuesday, but quite frankly we’re getting far too close to the 2500 level for me to become from buying
The S&P 500 had a slightly positive session on Tuesday, but quite frankly we’re getting far too close to the 2500 level for me to become from buying here. I think pullbacks will be needed for value, as the 2500 level will almost certainly offer a bit of resistance due to the psychological nature of the number. I think that once we break above there, the markets can continue to go higher though. With this, I’m a buyer of dips, certainly don’t want to sell this market, and I think we will break out eventually, but it may take a couple of attempts.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
