S&P500, Thursday forecast, August 8
The uptrend may be expected to continue, while the S&P 500 is trading above support level 2880, which will be followed by reaching resistance level 2929.
An downtrend will start as soon, as the S&P 500 drops below support level 2880, which will be followed by moving down to support level 2853 and if it keeps on moving down below that level, we may expect the pair to reach support level 2816.
Weekly forecast, August 5 - 9
The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 2947.50, which will be followed by reaching support level 2880 and if it keeps on moving down below that level, we may expect the pair to reach support level 2805.
An uptrend will start as soon, as the S&P 500 rises above resistance level 2974, which will be followed by moving up to resistance level 3024.
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