S&P 500 will reach the 3571.75 level
|Weekly forecast (November 7 – 11, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3805.50, which will be followed by moving up to resistance level 3928 and 4101.75.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3805.50, which will be followed by reaching support level 3704.25 and 3571.75.
Monthly forecast, November 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3757.50, which will be followed by reaching resistance level 4175 and 4327.50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3757.50, which will be followed by moving down to support level 3502 and 3397.50.
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