S&P500, Monday forecast, January 27

S&P500, ES futures market
Monday forecast, January 27

Downtrend

The downtrend may be expected to continue in case the market drops below support level 3237.25, which will be followed by reaching support level 3220.25.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3252, which will be followed by moving up to resistance level 3269, 3275.5 and 3291.

Weekly forecast, January 27 – 31
Most important news of this week
MMonday: EU German Ifo Business Climate Index (Jan), US New Home Sales (Dec)
Tuesday: US Core Durable Goods Orders (MoM) (Dec)
Wednesday: US Pending Home Sales (MoM) (Dec), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference
Thursday: EU Unemployment Rate (Dec), US GDP (QoQ) (Q4)
Friday: EU CPI (YoY) (Jan), GDP (YoY), US Michigan Consumer

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.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3198, which will be followed by reaching resistance level 3263 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3312.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3198, which will be followed by moving down to support level 3155 and if it keeps on moving down below that level, we may expect the pair to reach support level 3069.

S&P500, Friday forecast, January 24

S&P500, ES futures market, Friday forecast, January 24
Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 3337.5, which will be followed by reaching support level 3325 – 3321.25 and if it keeps on moving down below that level, we may expect the pair to reach support level 3312 – 3307.25.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3337.5, which will be followed by moving up to resistance level 3350.5.

Weekly forecast, January 20 – 24
Most important news of this week
Monday: United States – Martin Luther King, Jr.
Tuesday: EU ZEW Economic Sentiment (Jan)
Wednesday: US Existing Home Sales (Dec)
Thusrday: EU Deposit Facility Rate (Jan), EU ECB Monetary Policy Statement, EU ECB Press Conference, Crude Oil Inventories
Friday: EU German Manufacturing PMI (Jan), EU Manufacturing PMI (Jan), US Manufacturing PMI (Jan)

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3305, which will be followed by reaching resistance level 3330.25 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3354.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3305, which will be followed by moving down to support level 3275.50 – 3263.25.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3198, which will be followed by reaching resistance level 3263 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3312.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3198, which will be followed by moving down to support level 3155 and if it keeps on moving down below that level, we may expect the pair to reach support level 3069.

S&P500, Tuesday forecast, January 21

S&P500, ES futures market, Tuesday forecast, January 21
Uptrend

The uptrend may be expected to continue, while pair is trading above support level 3307.25, which will be followed by reaching resistance level 3318.25 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3326.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3307.25, which will be followed by moving down to support level 3296.50.

Weekly forecast, January 20 – 24
Most important news of this week
Monday: United States – Martin Luther King, Jr.
Tuesday: EU ZEW Economic Sentiment (Jan)
Wednesday: US Existing Home Sales (Dec)
Thusrday: EU Deposit Facility Rate (Jan), EU ECB Monetary Policy Statement, EU ECB Press Conference, Crude Oil Inventories
Friday: EU German Manufacturing PMI (Jan), EU Manufacturing PMI (Jan), US Manufacturing PMI (Jan)

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3305, which will be followed by reaching resistance level 3330.25 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3354.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3305, which will be followed by moving down to support level 3275.50 – 3263.25.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3198, which will be followed by reaching resistance level 3263 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3312.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3198, which will be followed by moving down to support level 3155 and if it keeps on moving down below that level, we may expect the pair to reach support level 3069.

S&P500, Friday forecast, January 17

S&P500, ES futures market, Friday forecast, January 17
Uptrend

The uptrend may be expected to continue, while pair is trading above support level 3316.75, which will be followed by reaching resistance level 3323.25 and 3330.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3316.75, which will be followed by moving down to support level 3307.75.

Weekly forecast, January 13 – 17
Most important news of this week
Monday: –
Tuesday: US Core CPI (YoY) (Dec)
Wednesday: US-China trade war phase 1 deal, Crude Oil Inventories
Thursday: EU ECB Publishes Account of Monetary Policy Meeting, US Core Retail Sales (MoM) (Dec)
Friday: EU Core CPI (YoY) (Dec)

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3287.25, which will be followed by reaching resistance level 3312.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3261, which will be followed by moving down to support level 3220.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3198, which will be followed by reaching resistance level 3263 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3312.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3198, which will be followed by moving down to support level 3155 and if it keeps on moving down below that level, we may expect the pair to reach support level 3069.

S&P500, Tuesday forecast, January 14

S&P500, Tuesday forecast, January 14
Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 3287, which will be followed by reaching support level 3278 and if it keeps on moving down below that level, we may expect the pair to reach support level 3261.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3287.25, which will be followed by moving up to resistance level 3296.

Weekly forecast, January 13 – 17
Most important news of this week
Monday: –
Tuesday: US Core CPI (YoY) (Dec)
Wednesday: US-China trade war phase 1 deal, Crude Oil Inventories
Thursday: EU ECB Publishes Account of Monetary Policy Meeting, US Core Retail Sales (MoM) (Dec)
Friday: EU Core CPI (YoY) (Dec)

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3287.25, which will be followed by reaching resistance level 3312.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3261, which will be followed by moving down to support level 3220.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 3198, which will be followed by reaching resistance level 3263 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3312.
Downtrend
An downtrend will start as soon, as the pair drops below support level 3198, which will be followed by moving down to support level 3155 and if it keeps on moving down below that level, we may expect the pair to reach support level 3069.