The S&P 500 fell slightly during the day on Wednesday, as the 2250 level below continues to support the market. I still believe that we go higher
The S&P 500 fell slightly during the day on Wednesday, as the 2250 level below continues to support the market. I still believe that we go higher given enough time, but short-term pullbacks may continue to be a factor in this market. With the holidays coming, the volume will of course dry up, but longer-term this is obviously a bullish market. I believe that the 2200 level below continues to be very supportive and essentially the absolute “basement” in this market currently. I have a longer-term target of 2300 but may not see that until January.
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.
