Yahoo Finance

The S&P 500 initially rose during the day and then pulled back on Tuesday. There was a report coming out that perhaps there is some possible progress made in tax reform in the United States, and this at the S&P 500 to the upside. The 2450 level above continues to be resistive, and I think that the market could run into a bit of trouble here. A break above 2450 should send this market to the 2470 level, and then perhaps 2475. However, I suspect that there could be a bit of a pullback from here, so be aware of that. Small position sizing will probably continue to be a necessity.

S&P 500 Video 23.8.17

This article was originally posted on FX Empire

More From FXEMPIRE:

• DAX Index Daily Fundamental Forecast – August 23, 2017

• DAX Index Price Forecast August 23, 2017, Technical Analysis

• Market Snapshot – Stock Markets Continue To Rebound

• US Stocks Futures Signal Higher, Gold, Euro and Pound Continue to Reverse

• Stocks Rebound as Risk Aversion Abates

• DAX Index Daily Fundamental Forecast – August 22, 2017