Could S&P 500 move up to the 4202 level?
|This/Next Week Forecast (June 13 – 17, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4071.50, which will be followed by moving up to resistance level 4202.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4071, which will be followed by reaching support level 3808.
Previous week forecast
Monthly Forecast, June 2022
Uptrend scenario
The uptrend may be expected to continue, while pair is trading above support level 3855, which will be followed by reaching resistance level 4101 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 4631.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3855 which will be followed by moving down to support level 3587.
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