S&P500 Weekly Forecast

S&P 500 Weekly (August 17 - 21)

Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 3397, which will be followed by reaching resistance level 3522.
Downtrend
A downtrend will start as soon, as the pair drops below support level 3319, which will be followed by moving down to support level 3267 and if it keeps on moving down below that level, we may expect the market to reach support level 3191.

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S&P 500 Long-Term (Quarter III: July - September 2020)

Uptrend
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
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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