S&P 500 Continues The Downtrend To Level 2805 And 2752 While Trading Below Resistance Level 2855

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 2855, which will be followed by reaching support level 2805 and 2752.

S&P500 (ES), futures market

Tuesday forecast, March 10

Downtrend

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 2855, which will be followed by reaching support level 2805 and 2752.

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 2855, which will be followed by moving up to resistance level 2933.

(Click on image to enlarge)

Weekly forecast, March 9 - 13

Downtrend

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 2855, which will be followed by reaching support level 2752.

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 2855, which will be followed by moving up to resistance level 2933 and if it keeps on moving up above that level, we may expect the S&P 500 to reach resistance level 3024.

(Click on image to enlarge)

Monthly forecast, March 2020

Downtrend

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 3024, which will be followed by reaching support level 2855 and 2757.75.

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3024, which will be followed by moving up to resistance level 3223.50.

(Click on image to enlarge)

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