S&P500, ES futures market
Tuesday forecast, February 11
An downtrend will start from resistance level 3364.75, which will be followed by moving down to support level 3358 – 3355.
The uptrend may be expected to continue in case the market rises above resistance level 3364.75, which will be followed by reaching resistance level 3375.
Weekly forecast, February 10 – 14
Forecast and technical analysis
The downtrend may be expected to continue, while pair is trading below resistance level 3261.75, which will be followed by reaching support level 3220.25 and if it keeps on moving down below that level, we may expect the pair to reach support level 3161.
An downtrend will start as soon, as the pair drops below support level 3261.75, which will be followed by moving down to support level 3291 – 3301.25.