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S&P 500 Price Forecast September 5, 2017, Technical Analysis
Updated: Sep 5, 2017, 03:55 GMT+00:00
The S&P 500 CFD markets gapped lower at the open on Monday as North Korea tested a bomb. We are already trying to fill the gap, and I think if we can
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The S&P 500 CFD markets gapped lower at the open on Monday as North Korea tested a bomb. We are already trying to fill the gap, and I think if we can break above the gap, we could go to the 2500 level above. Keep in mind that the S&P 500 wasn’t actually open on Monday, so I don’t read too much into this action. With that being the case, I still believe that buying opportunities exist on pullbacks as they represent value. A break above the 2500 level census market much higher into a “buy-and-hold” frenzy.
S&P 500 Video 05.9.17
About the Author
Christopher Lewisauthor
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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