S&P 500, Thursday forecast, September 5
The downtrend may be expected to continue, while S&P 500 is trading below resistance level 2974, which will be followed by reaching support level 2946 and if it keeps on moving down below that level, we may expect the S&P 500 to reach support level 2931. An uptrend is not expecting today.
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Weekly forecast, September 2 - 6
The downtrend may be expected to continue, while 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.
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