S&P 500, Wednesday forecast, September 25
The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 2981, which will be followed by reaching support level 2957 and if it keeps on moving down below that level, we may expect the S&P 500 to reach support level 2941. An uptrend will start as soon, as the S&P 500 rises above resistance level 2981, which will be followed by moving up to resistance level 3008.
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Weekly forecast, September 23 - 27
An downtrend will start as soon, as the S&P 500 drops below support level 2980, which will be followed by moving down to support level 2957 - 2941. 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 3067.
(Click on image to enlarge)
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