S&P500, Tuesday forecast, September 3
The downtrend may be expected to continue, while the S&P500 is trading below resistance level 2915, which will be followed by reaching support level 2889 and if it keeps on moving down below that level, we may expect the pair to reach support level 2866. An uptrend will start as soon, as the S&P500 rises above resistance level 2915, which will be followed by moving up to resistance level 2931 - 2941.
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Weekly forecast, September 2 - 6
The downtrend may be expected to continue, while the S&P500 is trading below resistance level 2931, which will be followed by reaching support level 2866 and 2835. An uptrend will start as soon, as the S&P500 rises above resistance level 2941, which will be followed by moving up to resistance level 2974.
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