S&P500 -Weekly forecast, Technical Analysis & Trading IdeasMidterm 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:
5677.80
5568.78
5398.95
5261.00
5122.47
4944.41
4800.00
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