S&P 500 Weekly Forecast
Wednesday Forecast (March 22, 2023)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 4009, which will be followed by reaching resistance level 4119.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 4009, which will be followed by moving down to support level 3960 and if it keeps on moving down below that level, we may expect the market to reach support level 3897 and 3839.
Monthly Forecast, February – March 2023
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4180, which will be followed by moving up to resistance level 4361.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4180, which will be followed by reaching support level 3901,75, 3788,50 and if it keeps on moving down below that level, we may expect the market to reach support level 3530,25.
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. For more information please view the Barchart Disclosure Policy here.
