The S&P 500 uptrend continues, and prices keep moving higher following pullbacks, and our recent views of looking to buy on pockets of weakness remain valid.
Traders can look to buy this market from the support/value level on pullbacks, and we can see the 2212 to 2179 support zone is the nearest key support on the daily chart. We will keep a close eye out for price action buy signals to get long and re-join the uptrend from the value/support level.
This article is commentary by an independent contributor, separate from
regular news coverage.