S&P 500 Weekly Forecast

This/Next Week Forecast (March 29 – April 2, 2021)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 3959 – 3978, which will be followed by reaching resistance level 4020 and 4110.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3944, which will be followed by moving down to support level 3875 – 3843.

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

Fundamental Analysis

Economic recovery shows potential for uptrend to the level 4400 – 4800.

Monthly Forecast, January 2021

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3862, which will be followed by reaching resistance level 3990 and if it keeps on moving up above that level, we may expect the market to reach resistance level 4065.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3862, which will be followed by moving down to support level 3705 – 3656.

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

previous month forecast

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