S&P 500 Forecast, Technical Analysis

  • S&P500, Thursday forecast, October 17
    The pair is trading along an sideways trend between support 2984 and resistance 2997.
    An downtrend will start as soon, as the pair drops below support level 2984, which will be followed by moving down to support level 2971 – 2959.
    An uptrend will start as soon, as the pair rises above resistance level 2997, which will be followed by moving up to resistance level 3008.

    Weekly forecast, October 7 – 11
    An uptrend will start as soon, as the pair rises above resistance level 2947.5, which will be followed by moving up to resistance level 2996.5.
    An downtrend will start as soon, as the pair drops below support level 2931.75, which will be followed by moving down to support level 2896 and 2866.

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