SP500, will have correction to 2946 after break down of 2969

Anton Kolhanov Anton Kolhanov

S&P500, Friday forecast, September 6

An downtrend will start as soon, as the pair drops below support level 2969, which will be followed by moving down to support level 2946. The uptrend may be expected to continue in case the market rises above resistance level 2986, which will be followed by reaching resistance level 3022.

Weekly forecast, September 2 - 6

The downtrend may be expected to continue, while pair is trading below resistance level 2931, which will be followed by reaching support level 2866 and 2835. An uptrend will start as soon, as the pair rises above resistance level 2941, which will be followed by moving up to resistance level 2974.

Author

Anton Kolhanov

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

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