S&P 500: Downtrend Continues To Level 3191 While The Market Is Trading Below Resistance Level 3158.50

Forex Trader • Feb 26, 2020 at 6:30 AM EST

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 3158.50, which will be followed by reaching support level 3091.

S&P 500, ES futures market

Wednesday forecast, February 26

Downtrend

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 3158.50, which will be followed by reaching support level 3091.

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3158.50, which will be followed by moving up to resistance level 3180.75 and if it keeps on moving up above that level, we may expect the S&P 500 to reach resistance level 3213.75.

(Click on image to enlarge)

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.