S&P 500 Forecast, Monday, June 29

S&P 500 (ES), futures market

Monday forecast, June 29

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3021, which will be followed by moving up to resistance level 3038.

Downtrend

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 3021, which will be followed by reaching support level 2995 and if it keeps on moving up above that level, we may expect the S&P 500 to reach resistance level 2982.

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Weekly forecast, June 26 - July 3

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3038, which will be followed by moving up to resistance level 3112.

Downtrend

A downtrend will start as soon, as the S&P 500 drops below support level 2982, which will be followed by moving down to support level 2924.

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Monthly forecast, July 2020

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3186 - 3224, which will be followed by moving up to resistance level 4300.

Downtrend

A downtrend will start as soon, as the S&P 500 drops below support level 2982, which will be followed by moving down to support level 2924 and 2789.

(Click on image to enlarge)