S&P500, Tuesday forecast, February 12

S&P500, ES futures market
Tuesday forecast, February 12

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 3370, which will be followed by reaching support level 3362.75 and 33.57.
Uptrend
An downtrend will start as soon, as the pair drops below support level 3374.50, which will be followed by moving down to support level 3392.

Weekly forecast, February 10 – 14
Forecast and technical analysis
Downtrend
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.
Uptrend
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.