S&P 500 (ES), futures market
Thursday forecast, April 2
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 2510, which will be followed by reaching resistance level 2530 and 2571.
Downtrend
A downtrend will start as soon, as the S&P 500 drops below support level 2480, which will be followed by moving down to support level 2444 - 2434.
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Weekly forecast, March 30 - April 3
Downtrend
The downtrend may be expected to continue in case the market drops below support level 2411, which will be followed by reaching support level 2316 and 2174.
Uptrend
An uptrend will start as soon, as the S&P 500 rises above resistance level 2560.75, which will be followed by moving up to resistance level 2634.50 and 2733.75, and if it keeps on moving up above that level, we may expect the S&P 500 to reach resistance level 2930.50.
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Monthly forecast, April 2020
Uptrend
The uptrend may be expected to continue, while the S&P 500 is trading above support level 2411, which will be followed by reaching resistance level 2733.75 and 2930.50.
Downtrend
A downtrend will start as soon, as the S&P 500 drops below support level 2411, which will be followed by moving down to support level 2111.00.
(Click on image to enlarge)
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