S&P 500 Wednesday forecast

Anton Kolhanov Anton Kolhanov

Wednesday Forecast (September 31, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 4006, which will be followed by reaching resistance level 4072.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 4006, which will be followed by moving down to support level 3950.

Weekly Forecast (August 29 – September 2, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4110.75, which will be followed by moving up to resistance level 4204.75.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4110.75, which will be followed by reaching support level 3741.25.

previous week forecast

Monthly Forecast, August 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3922, which will be followed by reaching resistance level 4168 – 4202.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3922 which will be followed by moving down to support level 3639.

Author

Anton Kolhanov

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

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