S&P 500 moving to Resistance 2950 and Support 2800???

Took a shot at the longer term trend of the S&P 500 from April through today. Looking to Monday to confirm my analysis.

• If the down trend holds, then I expect the S&P 500 to establish a resistance level at 2950 and test the support of 2800 over the coming weeks.
  
• If it rebounds, then up to 3140 or maybe even 3200.
  

What do you think?

Yorum:

Found this Wyckoff chart. It is almost a perfect match.
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