S&P 500 Weekly Forecast

This/Next Week Forecast (August 8 – 5, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4205, which will be followed by moving up to resistance level 4303 – 4355.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4205, which will be followed by reaching support level 3950.

previous week forecast

Monthly Forecast, August 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3922, which will be followed by reaching resistance level 4168 – 4202.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3922 which will be followed by moving down to support level 3639.

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