S&P 500 Weekly Forecast, August 31 - September 4

Weekly Forecast (August 31 - September 4, 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 3522, which will be followed by reaching resistance level 3750.
Downtrend scenario
A downtrend will start as soon, as the market drops below support level 3397, which will be followed by moving down to support level 3191.

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Previous week S&P 500 forecast chart

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Long-Term Forecast (Quarter III: July - September 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 3397, which will be followed by reaching resistance level 3750.
Downtrend scenario
A downtrend will start as soon, as the pair drops below support level 3191, which will be followed by moving down to support level 3011.

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