SP500 may start uptrend above 2931 to resistance 2988

Anton Kolhanov Anton Kolhanov

SP500 (ES), futures market Monday forecast, March 2

Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 2931, which will be followed by reaching support level 2855.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 2931, which will be followed by moving up to resistance level 2855.

Weekly forecast, March 2- 7

Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 3024, which will be followed by reaching support level 2855 and 2757.75.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3024, which will be followed by moving up to resistance level 3223.50.

Monthly forecast, March 2020

Author

Anton Kolhanov

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

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