S&P 500 Forecast - Tuesday, June 23

S&P500 (ES), futures market
Tuesday forecast, June 23

Uptrend

The uptrend may be expected to continue, while S&P 500 is trading above support level 3125.50, which will be followed by reaching resistance level 3145.25 - 3156.25.

Downtrend

A downtrend will start as soon, as the S&P 500 drops below support level 3125.50, which will be followed by moving down to support level 3102.50 and if it keeps on moving down below that level, we may expect the pair to reach support level 3063.

Weekly forecast, May 25 - 29

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3116, which will be followed by moving up to resistance level 3187.

Downtrend

A downtrend will start as soon, as the S&P 500 drops below support level 3063, which will be followed by moving down to support level 2982.