S&P 500: Will an uptrend start soon?

Anton Kolhanov Anton Kolhanov

Weekly Forecast (September 12 – 16, 2022)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 4072,75, 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 4072,75, which will be followed by reaching support level 3883,50 and if it keeps on moving down below that level, we may expect the market to reach support level 3741,25.

Previous week forecast

Monthly Forecast, September 2022

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 4202.25, which will be followed by moving up to resistance level 4631.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 4202.25, which will be followed by reaching support level 3639 and 3397.50.

Previous week forecast

Author

Anton Kolhanov

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

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