S&P 500 will reach to the 3677 level

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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.

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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.

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