S&P 500 Forecast January 20, 2017, Technical Analysis

Updated : Jan 20, 2017, 02:26 UTC1min read
S & P 500 daily chart, January 20, 2016
The S&P 500 went back and forth on Thursday, testing the 2275 level again. Quite frankly, every time this market pull back I think it offers value and I believe that most traders around the world feel the same way. We are in an uptrend, and that should continue to
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The S&P 500 went back and forth on Thursday, testing the 2275 level again. Quite frankly, every time this market pull back I think it offers value and I believe that most traders around the world feel the same way. We are in an uptrend, and that should continue to be the case. Once we make a fresh, new high, the market should continue to go much higher. I believe that there is a massive amount of support below at the 2250 level as well, so I am a buyer only in the S&P 500 just as I would be in the other US indices.

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