SP500 (ES) may continue uptrend to 2635.75 after break up 2586.75

Anton Kolhanov Anton Kolhanov

SP500 (ES), futures market Monday forecast, April 6

Uptrend

The uptrend may be expected to continue in case the market rises above resistance level 2568.75, which will be followed by reaching resistance level 2635.75.

Downtrend

An downtrend will start as soon, as the pair drops below support level 2566.75, which will be followed by moving down to support level 2529.50 and if it keeps on moving down below that level, we may expect the pair to reach support level 2493.25 and 2458.00.

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

An 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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