S&P500 Weekly Forecast (January 3 – 5, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 3975, which will be followed by moving up to resistance level 4129.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3919, which will be followed by reaching support level 3788, 3735 and 3677.
An uptrend will start as soon, as the market rises above resistance level 3975, which will be followed by moving up to resistance level 4129.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 3919, which will be followed by reaching support level 3788, 3735 and 3677.