S&P 500 Forecast - Monday, August 26

Forex Trader • Aug 26, 2019 at 9:52 AM EDT

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 2895, which will be followed by reaching support level 2816.

S&P 500, Monday forecast, August 26

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 2895, which will be followed by reaching support level 2816.

Weekly forecast, August 26 - 30

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 2895, which will be followed by reaching support level 2816 and if it keeps on moving down below that level, we may expect the pair to reach support level 2748.

An uptrend will start as soon, as the S&P 500 rises above resistance level 2895, which will be followed by moving up to resistance level 2941.

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.