Short

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.

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:

5509.32
5363.90
5261.00
5122.47
4944.41
4804.01

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ForecastCity Support Team

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