FX Empire
S&P 500 Price Forecast – S&P 500 Continues to Rally After Jobs Number
The S&P 500 has shown itself to be bullish again on Friday, now that the jobs number is out and was better than anticipated. Because of this, it looks like we are free to go looking towards the 4400 level above, which of course is a round number, but more importantly it also has a history behind it, as the S&P 500 tends to move in 200 point increments. It is not until we break down below the 4000 level that I would consider buying puts, but I will not short this market due to the fact that the Federal Reserve is far too manipulative of it.
