SP500 Weekly Forecast 10-14 October 2022

SP500 Weekly Forecast 10-14 October 2022
We can see that currently the volatility is around 4.35% for this week, falling from the 4.57% from the last week.
Currently there is around 24.3% that the asset is going to close either above or below the channel:
TOP 3804
BOT 3472

The current volatility percentile is around 90th, placing us in very risky environment. With this situations in general the market moves:
AVG weekly bull candle = 2.47%
AVG weekly bear candle = 2.77


At the same time, there is currently a 75% that we will touch the high of previous weekly candle of 3822
and there is a 25% that we will touch the low of the previous week of 3574


From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 66% agreement that the market is in a BEARISH trend ( the current price is below those moving averages)