S&P 500: Correction To Level 3283.25 While Trading Above Level 3243.5

Forex Trader • Feb 24, 2020 at 9:08 AM EST

The uptrend may be expected to continue, while the S&P 500 is trading above support level 3243.50, which will be followed by reaching resistance level 3283.25.

S&P 500, ES futures market

Monday forecast, February 24

Uptrend

The uptrend may be expected to continue, while the S&P 500 is trading above support level 3243.50, which will be followed by reaching resistance level 3283.25 and if it keeps on moving up above that level, we may expect the S&P 500 to reach resistance level 3325.

Downtrend

A downtrend will start or from resistance 3283.25, or as soon, as the S&P 500 drops below support level 3234.50 which will be followed by moving down to support level 3223.50.

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Disclaimer:

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.