S&P 500: The uptrend may be expected to continue
|Tuesday Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3837, which will be followed by reaching resistance level 3820.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3837, which will be followed by moving down to support level 3639 and 3587.
Weekly forecast (October 17 – 21, 2022)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3571, which will be followed by reaching resistance level 3751 – 3820.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3571, which will be followed by moving down to support level 3397.
Previous week forecast
Monthly forecast, October 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3936, which will be followed by moving up to resistance level 4175.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3936, which will be followed by reaching support level 3397.50.
Previous week forecast
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