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S&P 500 Forecast update August 31 2021

SPX Aug 31 2021

The S&P500 is getting very close to our next upper trend line where we believe there is a good chance it will turn down towards our next entry zone which is LONG.

A more riskier proposition would be to go short.

However, as we have seen repeatedly this Index has a habit of being propped up on the smallest of retraces.

This makes it difficult to enter any new position, long or short, at this point in time.

SPX Aug 31 2021
S&P 500 Forecast Update August 31 2021
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