SP500: Downtrend expected to continue while it trades below 3073
|S&P500 (ES), futures market
Wednesday forecast, July 1
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3073, which will be followed by moving up to resistance level 3093 - 3101.
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 3073, which will be followed by reaching support level 3059 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 3030.
Weekly forecast, June 26 - July 3
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3038, which will be followed by moving up to resistance level 3112.
Downtrend
An downtrend will start as soon, as the pair drops below support level 2982, which will be followed by moving down to support level 2924.
Monthly forecast, July 2020
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3186 - 3224, which will be followed by moving up to resistance level 4300.
Downtrend
An downtrend will start as soon, as the pair drops below support level 2982, which will be followed by moving down to support level 2924 and 2789.
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