S&P500 (ES), futures market
Wednesday forecast, March 11
Downtrend
The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 2819, which will be followed by reaching support level 2775.75 and 2752.75.
Uptrend
An uptrend will start as soon, as the S&P 500 rises above resistance level 2819, which will be followed by moving up to resistance level 2855 and 2879.
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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.
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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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