S&P 500 Forecast for the Week of September 4, 2017, Technical Analysis

The S&P 500 initially fell during the week but bounced from the uptrend line that has been so supportive. Because of this, I believe that the S&P 500 is hell-bent on getting to the 2500 level. With this, I believe in buying dips, and I believe that once we break above the 2500 level, we are clear to go much higher. This is a market that certainly seems to be favoring dips, as the markets have been so strong. If we were to break down below the uptrend line, and more importantly the 2400 level, the market could then break down significantly.

S&P 500 Video 04.9.17

This article was originally posted on FX Empire

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