S&P 500, Wednesday forecast, September 4
The uptrend may be expected to continue in case the market rises above resistance level 2934, which will be followed by reaching resistance level 2944. A downtrend will start as soon, as the S&P 500 drops below support level 2924, which will be followed by moving down to support level 2915 and if it keeps on moving down below that level, we may expect the S&P 500 to reach support level 2898.
(Click on image to enlarge)
Weekly forecast, September 2 - 6
The downtrend may be expected to continue, while the S&P 500 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&P 500 rises above resistance level 2941, which will be followed by moving up to resistance level 2974.
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.