S&P 500 Weekly Forecast

Wednesday Forecast (March 1, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4024,75, which will be followed by moving up to resistance level 4060,75.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4024,75, which will be followed by reaching support level 3947,5 and 3901,75.

Weekly Forecast (February 27 – March 3, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4060,75, which will be followed by moving up to resistance level 4180.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4060,75, which will be followed by reaching support level 3901,75.

Monthly Forecast, February – March 2023

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4180, which will be followed by moving up to resistance level 4361.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4180, which will be followed by reaching support level 3901,75, 3788,50 and if it keeps on moving down below that level, we may expect the market to reach support level 3530,25.

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