SP500 continue uptrend to 2812 while trading above 2721

Anton Kolhanov Anton Kolhanov

S&P500 (ES), futures market Tuesday forecast, April 7

Uptrend

The uptrend may be expected to continue, while pair is trading above support level 2721, which will be followed by reaching resistance level 2812.

Downtrend

A downtrend will start as soon, as the pair drops below support level 2721, which will be followed by moving down to support level 2668.50.

Weekly forecast, April 6 - 10

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 2635.75, which will be followed by reaching support level 2424.75 and if it keeps on moving down below 2372.75, we may expect the pair to reach support level 2212.

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 2635.75, which will be followed by moving up to resistance level 2733.75 and 2930.50.

Monthly forecast, April 2020

Uptrend

The uptrend may be expected to continue, while pair is trading above support level 2411, which will be followed by reaching resistance level 2733.75 and 2930.50.

Downtrend

A downtrend will start as soon, as the pair drops below support level 2411, which will be followed by moving down to support level 2111.00.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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