S&P 500 Forecast - Thursday, July 16

S&P500 (ES), futures market
Thursday forecast, July 16

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3202.5, which will be followed by moving up to resistance level 3217 - 3231.

Downtrend

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 3202.5, which will be followed by reaching support level 3184 - 3162.

Weekly forecast, July 13 - 17

Uptrend

The uptrend may be expected to continue, while the S&P 500 is trading above support level 3184, which will be followed by reaching resistance level 3232 - 3339.

Downtrend

An downtrend will start as soon, as the S&P 500 drops below support level 3116, which will be followed by moving down to support level 2982.

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

An 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.