S&P500 -Weekly forecast, Technical Analysis & Trading Ideas

Midterm forecast:

• 5870.56 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  

$S&P500
Technical analysis:

• A peak is formed in daily chart at 6150.05 on 02/19/2025, so more losses to support(s) 5568.78, 5398.95, 5261.00 and more depths is expected.
  

Take Profits:

1. 5677.80
   
2. 5568.78
   
3. 5398.95
   
4. 5261.00
   
5. 5122.47
   
6. 4944.41
   
7. 4800.00
   

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ForecastCity Support Team