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S&P 500 Price Forecast September 15, 2017, Technical Analysis
Updated: Sep 15, 2017, 04:24 GMT+00:00
The S&P 500 initially fell at the open during US trading on Thursday, but you can see that the buyers came back. I think that eventually we will break
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The S&P 500 initially fell at the open during US trading on Thursday, but you can see that the buyers came back. I think that eventually we will break above the 2500 level, and between now and then we will see short-term pullbacks offering value the traders are willing to take advantage of. I don’t have any interest in shorting, and even if we did breakdown significantly, I think that there is plenty of support near the 2490 level to turn things around. Pullbacks are buying opportunities, and a break above the 2500 level is most certainly going to continue the longer-term uptrend.
S&P 500 Video 15.9.17
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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