S&P 500 May Continue The Downtrend To 3024 Or 2988 While Trading Below Resistance 3085

S&P500 (ES), futures market
Thursday forecast, March 5

Downtrend

The downtrend may be expected to continue, while S&P 500 is trading below resistance level 3085, which will be followed by reaching support level 3024 and if it keeps on moving down below that level, we may expect the S&P 500 to reach support level 2988.

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3085, which will be followed by moving up to resistance level 3137.

Weekly forecast, March 2- 7

Downtrend

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 3024, which will be followed by reaching support level 2855 and 2757.75.

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3024, which will be followed by moving up to resistance level 3223.50.

Monthly forecast, March 2020

Downtrend

The downtrend may be expected to continue, while the S&P 500 is trading below resistance level 3024, which will be followed by reaching support level 2855 and 2757.75.

Uptrend

An uptrend will start as soon, as the S&P 500 rises above resistance level 3024, which will be followed by moving up to resistance level 3223.50.