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S&P 500 Price Forecast September 7, 2017, Technical Analysis
Updated: Sep 7, 2017, 04:13 GMT+00:00
The S&P 500 rallied slightly during the day on Wednesday, and it looks likely that the market is going to try to rally and fill the gap from a few
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The S&P 500 rallied slightly during the day on Wednesday, and it looks likely that the market is going to try to rally and fill the gap from a few sessions ago. We are in a longer-term uptrend, so it makes sense that the buyers came in on the pullback. Ultimately, the market should continue to go much higher, reaching towards the 2500 level as the algorithmic traders seem to jump into the market every time we pull back. The 2450 level underneath offers significant support, and therefore think it’s only a matter of time before we test the vital resistance barrier above.
S&P 500 Video 07.9.17
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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