S&P500 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.
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.