Will S&P 500 drop to the 3704 level?

Weekly forecast (November 14 – 18, 2022)

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 3935, which will be followed by reaching resistance level 4101.75.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 3935, which will be followed by moving down to support level 3704.

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.