SP500: Uptrend will start as soon as it rises above 3021

Anton Kolhanov Anton Kolhanov

SP500 (ES), futures market Monday forecast, June 29

Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3021, which will be followed by moving up to resistance level 3038.
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 3021, which will be followed by reaching support level 2995 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 2982.

Weekly forecast, June 26 - July 3

Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3038, which will be followed by moving up to resistance level 3112.
Downtrend
An downtrend will start as soon, as the pair drops below support level 2982, which will be followed by moving down to support level 2924.

Monthly forecast, July 2020

Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3186 - 3224, which will be followed by moving up to resistance level 4300.
Downtrend
An downtrend will start as soon, as the pair drops below support level 2982, which will be followed by moving down to support level 2924 and 2789.

Author

Anton Kolhanov

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

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