S&P 500 Forecast September 18, 2017, Technical Analysis

The SP 500 rallied a bit during the day on Friday, as we continue to consolidate back and forth just below the 2500 level. If we can break above the 2500 level, the SP 500 should continue to go much higher. In the meantime, pullbacks look like they are short-term buying opportunities as we continue to bounce around in a steady range. I have no interest in shorting the SP 500, even though we are bit extended, it appears that traders are willing to buy the dips every time they appear. Comfort will be found above 2500.

SP 500 Video 18.9.17

This article was originally posted on FX Empire

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