S&P 500 Weekly Forecast

Weekly Forecast (January 23 – 27, 2023)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4035, which will be followed by moving up to resistance level 4180.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4035, which will be followed by reaching support level 3900 and 3805.

Monthly Forecast, January 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 3677 and 3548.

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.

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