S&P 500 Weekly Forecast

This/Next Week Forecast (November 30 – December 4, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3540, which will be followed by reaching resistance level 3800.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3540, which will be followed by moving down to support level 3280.

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 3900, but if due to covid US will go to lockdown, market can drop to 3000.

Monthly Forecast, December 2020

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3540, 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 3540, which will be followed by moving down to support level 3280 – 3197.

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

previous month forecast

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