S&P500, Tuesday forecast, August 6
An uptrend will start as soon, as the S&P500 rises above resistance level 2488.70, which will be followed by moving up to resistance level 2880. A downtrend will start as soon, as the S&P500 drops below support level 2831, which will be followed by moving down to support level 2806.
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Weekly forecast, August 5 - 9
The downtrend may be expected to continue, while the S&P500 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 S&P500 to reach support level 2805.
An uptrend will start as soon, as the S&P500 rises above resistance level 2974, which will be followed by moving up to resistance level 3024.
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