S&P 500: Uptrend From Support Level At 2980 With A Target On 2999

Forex Trader • Sep 23, 2019 at 10:25 AM EDT

The market is trading in a downtrend with a target on support 2980. An uptrend will start from support level 2980, which will be followed by moving up to resistance level 2999.25.

S&P 500, Friday forecast, September 20

The market is trading in a downtrend with a target on support 2980. An uptrend will start from support level 2980, which will be followed by moving up to resistance level 2999.25.

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Weekly forecast, September 23 - 27

A downtrend will start as soon, as the S&P 500 drops below support level 2980, which will be followed by moving down to support level 2957 - 2941. 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 3067.

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Disclaimer:

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.