S&P 500 Weekly Forecast

Weekly Forecast (October 31 – November 4, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3897.50, which will be followed by reaching resistance level 4101 – 4175.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3897.50, which will be followed by moving down to support level 3757.50 and if it keeps on moving down below that level, we may expect the market to reach support level 3571.

previous week forecast
 

Monthly Forecast, November 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 3757.50, which will be followed by reaching resistance level 4175 and 4327.50.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 3757.50, which will be followed by moving down to support level 3502 and 3397.50.

previous week forecast
 

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On the date of publication, Anton Kolhanov did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.

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