Weekly forecast (August 28 – September 1, 2023)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 4485, which will be followed by moving up to resistance level 4553.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 4485, which will be followed by reaching support level 4350 and 4327 – 4271.
Monthly forecast, July 2023
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 4368, which will be followed by reaching resistance level 4493 and if it keeps on moving up above that level, we may expect the market to reach resistance level 4631.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 4368, which will be followed by moving down to support level 4271 and if it keeps on moving down below that level, we may expect the market to reach support level 4098.
Source: https://www.fxstreet.com/news/will-sp-500-reach-the-4553-level-202308280719