S&P 500 Weekly Forecast

Weekly Forecast (January 16 – 20, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4021, which will be followed by moving up to resistance level 4085 and 4175.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3960, which will be followed by moving down to support level 3891.75 and 3822.50.

Monthly Forecast, January 2023

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3975, which will be followed by moving up to resistance level 4129.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3919, which will be followed by reaching support level 3677 and 3548.

Share on facebook
Share on twitter
Share on linkedin