SP500, will have correction to 2946 after break down of 2969
|S&P500, Friday forecast, September 6
An downtrend will start as soon, as the pair drops below support level 2969, which will be followed by moving down to support level 2946. The uptrend may be expected to continue in case the market rises above resistance level 2986, which will be followed by reaching resistance level 3022.
Weekly forecast, September 2 - 6
The downtrend may be expected to continue, while pair 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 pair rises above resistance level 2941, which will be followed by moving up to resistance level 2974.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.