S&P 500 could drop towards the 4397,75 level
Weekly forecast (September 11 – 15, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4545,5, which will be followed by moving up to resistance level 4605.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4545,5, which will be followed by reaching support level 4397,75.
Monthly forecast, September – October, 2023
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 4302, which will be followed by reaching resistance level 4731.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 4302, which will be followed by moving down to support level 3916.
