S&P 500 Forecast, Technical Analysis

  • S&P500, Friday forecast, August 16
    The uptrend may be expected to continue, while pair is trading above support level 2905, which will be followed by reaching resistance level 2944 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 2974.
    An downtrend will start as soon, as the pair drops below support level 2905, which will be followed by moving down to support level 2882 – 2871.75.

    Weekly forecast, August 19 – 23
    An downtrend will start as soon, as the pair drops below support level 2898, which will be followed by moving down to support level 2816.
    An uptrend will start as soon, as the pair rises above resistance level 2947, which will be followed by moving up to resistance level 3024.

Forecast based on “Strategist” trading system

Trading signals based on forecast

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