The S&P 500 initially tried to rally during the day on Friday but gave back quite a bit of the gain. Ultimately, the market looks as if it is going to
The S&P 500 initially tried to rally during the day on Friday but gave back quite a bit of the gain. Ultimately, the market looks as if it is going to find buyers underneath though, as we have seen such a massive candle formed for the week. With this in mind, I believe in buying dips as the trading community continues to look at the S&P 500 as the value at lower levels. Ultimately, I think we are trying to build up enough momentum to finally break above the 2500 level. Selling is all but an impossibility.
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.
