S&P 500 Forecast, Technical Analysis

  • S&P500, Tuesday forecast, November 26
    Uptrend
    The uptrend may be expected to continue, while pair is trading above support level 3127.5, which will be followed by reaching resistance level 3138 – 3145.
    Downtrend
    An downtrend will start as soon, as the pair drops below support level 3127.5, which will be followed by moving down to support level 3121.5.

    Weekly forecast, November 25 – 29
    Uptrend
    The uptrend may be expected to continue, while pair is trading above support level 3114.5, which will be followed by reaching resistance level 3132.5 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3175.
    Downtrend
    An downtrend will start as soon, as the pair drops below support level 3114.5, which will be followed by moving down to support level 3097.25.

    Monthly forecast: November – December
    Uptrend
    The uptrend may be expected to continue, while pair is trading above support level 3024 – 3008, which will be followed by reaching resistance level 3190.
    Downtrend
    An downtrend will start as soon, as the pair drops below support level 3008.50, which will be followed by moving down to support level 2951 and 2850.

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