SP500 (ES), futures market Monday forecast, March 2

Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 2931, which will be followed by reaching support level 2855.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 2931, which will be followed by moving up to resistance level 2855.

SP500

 

Weekly forecast, March 2- 7

Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 3024, which will be followed by reaching support level 2855 and 2757.75.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3024, which will be followed by moving up to resistance level 3223.50.

SP500

 

Monthly forecast, March 2020

Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 3024, which will be followed by reaching support level 2855 and 2757.75.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 3024, which will be followed by moving up to resistance level 3223.50.

SP500

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.

Recommended Content


Recommended Content

Editors’ Picks

GBP/USD hovers around 1.2750 on UK election day

GBP/USD hovers around 1.2750 on UK election day

GBP/USD is trading sideways near 1.2750 in the European session on Thursday. A broadly softer US Dollar keeps the pair afloat but traders refrain from placing fresh bets on the Pound Sterling, as UK voters head to polls. 

GBP/USD News

EUR/USD retakes 1.0800 ahead of ECB Accounts

EUR/USD retakes 1.0800 ahead of ECB Accounts

EUR/USD is battling 1.0800, regaining upside momentum in the European session on Thursday. The pair's renewed uptick is attributed to fresh US Dollar selling on escalated speculations of a September Fed rate cut. ECB Accounts is next in focus. 

EUR/USD News

Gold trades with caution above $2,350, as focus shifts to US NFP

Gold trades with caution above $2,350, as focus shifts to US NFP

Gold price has reversed early gains to trade cautiously above $2,350 on Thursday. Sustained US Dollar weakness alongside sluggish US Treasury bond yields keeps the downside in Gold price capped amid the July 4 US holiday-thinned market conditions. Friday's NFP data eyed. 

Gold News

MANTRA partners with UAE real estate giant MAG to tokenize $500 million in assets

MANTRA partners with UAE real estate giant MAG to tokenize $500 million in assets

MANTRA announced its partnership with UAE real estate giant MAG on Wednesday via social media platform X. This collaboration introduces new investment opportunities for tokenized real estate worth $500 million in the flourishing Middle Eastern market.

Read more

Investors await NFP to validate their Fed rate cut bets

Investors await NFP to validate their Fed rate cut bets

Investors expect two rate cuts, even though Fed signals one. Recent data corroborates investors’ take. Nonfarm Payrolls waited for more confirmation.

Read more

Majors

Cryptocurrencies

Signatures