-
Published on Sep 29, 2016
The
S&P 500 fell rather drastically during the course of the session on
Thursday, as we continue to find quite a bit of volatility. However, we
did bounce a bit towards the end of the day, so it is possible that we
are simply looking for value that we consider taking advantage of. I
think short-term supportive candles may be reason enough to go long, and
perhaps reach towards the 2200 level. With this being the case, it’s
likely that the market is going to find buyers again and again, and
although we see quite a bit of choppiness, I think it’s only a matter
time before the bullishness returns. With this, I have no interest in
selling this market until we break down below the 2120 level below,
which is essentially the “floor” in this market.
No comments:
Post a Comment