The S&P 500 tried to rally during the day on Tuesday, but found the market to be a little bit resistive. A pullback from here should be a buying
The S&P 500 tried to rally during the day on Tuesday, but found the market to be a little bit resistive. A pullback from here should be a buying opportunity, but we could be very volatile for the next several sessions as we are getting close to the holiday season. The 2250 level below is massively supportive, so I think given enough time we will find buyers time and time again, but we may not be willing to break out before New Year’s Day, as a lot of traders would be hard-pressed to put on a lot of risk currently.
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.
