S&P 500 Forecast For Monday, June 22

S&P500 (ES), futures market - Monday forecast, June 22

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3116, which will be followed by moving up to resistance level 3145 - 3156.

Downtrend

The downtrend may be expected to continue, while S&P 500 is trading below resistance level 3083, which will be followed by reaching support level 3063 and if it keeps on moving down below that level, we may expect the pair to reach support level 3027.

Weekly forecast, May 25 - 29

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3116, which will be followed by moving up to resistance level 3187.

Downtrend

A downtrend will start as soon, as S&P 500 drops below support level 3063, which will be followed by moving down to support level 2982.