S&P 500 Tuesday Forecast

Tuesday Forecast

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3900, which will be followed by reaching resistance level 3932.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3900, which will be followed by moving down to support level 3884 and if it keeps on moving down below that level, we may expect the market to reach support level 3861.

Chart S&P 500 This/Next Week Forecast, Technical Analysis

This/Next Week Forecast (February 8 – 12, 2021)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3821, which will be followed by reaching resistance level 3900 and if it keeps on moving up above that level, we may expect the market to reach resistance level 3990.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3821, which will be followed by moving down to support level 3690.

Chart S&P 500 This/Next Week Forecast, Technical Analysis

previous week forecast
Chart S&P 500 This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Economic recovery shows potential for uptrend to the level 3800 – 3900.

Monthly Forecast, January 2021

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3594, which will be followed by reaching resistance level 3800 – 3900.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3594, which will be followed by moving down to support level 3475 and 3280.

Chart S&P 500 Forecast 2020, Long-term Outlook, Technical Analysis

previous month forecast

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