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S&P 500 Weekly Price Forecast – S&P 500 Likely to Break Out – FX Empire
The S&P 500 has pulled back a bit during the course of the week, showing signs of weakness, but then turned around to form a bullish looking candlestick.
The S&P 500 did pull back a bit during the course of the week, but we can see clearly that the buyers have returned. This continues to be the case and I think it is only a matter of time before the market goes looking towards the 3400 level. If we can break above there, then we will have a fresh high. The longer-term outlook for the market of course is bullish due to the Federal Reserve flooding the market with liquidity. Once we break above the 3400 level, I think that the 3500 level will b…
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