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

Previous forecast result:

• As you can see in the 4CastMachine forecast on 12/03/2025, the price, after rejecting the sell zone, began its sharp decline and touched all TPs.
  

Midterm forecast:

• While the price is below the resistance 6149.57, resumption of downtrend is expected.
  
• We make sure when the support at 4804.01 breaks.
  
• If the resistance at 6149.57 is broken, the short-term forecast -resumption of downtrend- will be invalid.

S&P
Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  
• A trough is formed in daily chart at 4807.10 on 04/07/2025, so more gains to resistance(s) 5698.65, 5791.00, 5896.50 and maximum to Major Resistance (6149.57) is expected.
  
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  
• Relative strength index (RSI) is 55.
  

Take Profits:

1. 5509.32
   
2. 5363.90
   
3. 5261.00
   
4. 5122.47
   
5. 4944.41
   
6. 4804.01
   

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ForecastCity Support Team