S&P 500 Forecast and Long-term Prediction (2020)

The S&P 500 Index Futures is the world’s most traded stock index.

In this article we make a S&P 500 price forecast and also a long-term prediction. We would like to give an assessment of the future price development of the S&P 500 Index Futures. We also look at the long-term chart for the S&P 500, which is the quarterly chart and yearly chart with a logarithmic scale. The basis of our analysis is the Price Action and Technical Chart Analysis.

The charts used are from TradingView and the prices are from the CME.

S&P 500 Forecast: Daily Chart

Last update: August 08, 2020

S&P 500 E-Mini Futures moving upward in an established trend and approaching the all time high.

S&P 500 forecast daily chart showing uptrend
S&P 500 index futures finds support on uptrend line (Chart: TradingView)

Resistance: 3297.50
Support: 3190,25 | 3062.75 | 3000.00

S&P 500 forecast: Next target could be the all time high at 3397.50. Even more upside potential is possible. Only a drop below 3190,25 would turn the positive chart picture to neutral or negative.

S&P 500 Forecast: Weekly Chart

Last update: August 08, 2020

S&P 500 is moving upwards in an established trend and approaching the all time high at 3397.50.

price prediction of sp500 weekly chart
S&P 500 futures forecast: Price action finds resistance at June high. (Chart: TradingView)


Resistance: 3231,25 | 3284,50
Support: 3190,25 | 2923.75

S&P 500 forecast: Next target could be the all time high at 3397,50. The weekly chart is looking positive and more upside potential is possible. Only a drop below 3190 could turn this weekly chart to neutral or negative.

S&P 500 Forecast: Monthly Chart

Last update: August 08, 2020

S&P 500 is showing the tendency for a huge trading range, but currently the monthly chart is still looking positive and more upside potential is possible.

SP500 prediction showing market close to all time high
S&P 500 forecast: Market resumes uptrend and is approaching all time high (Chart: TradingView)

Resistance: 3397.50
Support: 3062.75 | 2947.00

Forecast: Next target could be the all time hight at 3397.50. Big trading range could be confirmed, if prices move below July low at 3062,75.

S&P 500 Prediction: Quarterly Chart

Last update: August 08, 2020

In the quarterly chart, which shows price action from 2016 until third quarter of 2020, we can see the long term uptrend.
The first quarter of 2020 has shown a major break which could be the beginning of a big trading range. The second quarter of 2020 is showing a so called inside bar or inside candle, which is confirming sideways price action.

SP 500 forecast quarterly chart
SP500 Forecast: Long-term uptrend is still intact (Chart: TradingView)

Resistance: 3397.50
Support : 2947 | 2310.50 | 2174.00

S&P 500 forecast: We expect to see the S&P 500 stay in the consolidation between 2018 high at 2947 and major resistance at 3397.50 points. The quarterly chart is looking neutral to slightly positive.

S&P 500 Index long term prediction: Yearly Chart

Last update: August 08, 2020

In the yearly chart of the S&P 500 Index, which shows price history from 1872 until 2020, we can see the long term uptrend.
The price bar of 2020 is a so called outside bar.

SP500 forecast yearly chart and price prediction.
SP500 price prediction: Long term yearly chart showing intact uptrend (Chart: TradingView)

Major resistance is the all time high: 3393.52
Major support: Low of 2020 at 2191.86

S&P 500 forecast: We expect to see the S&P 500 resume the long term uptrend. Major resistance is the all time high at 3393,62 points. Only a fall below the 2020 low at 2191,86 would turn the positive long term chart negative. But this outlook has low probability of only 30 %.

What is the current price of S&P 500 Index Futures?

The current price of S&P 500 Index Futures can be seen here.

About S&P 500

S&P 500 — short for Standard and Poor’s 500, is a United States stock market index based on the market capitalizations of the top 500 companies that have common stock listed on the New York Stock Exchange or NASDAQ. With its headquarters in New York City and dating back to 1860, Standard and Poor’s has offices in 23 countries and maintains the SP 500 index. Over $1.25 trillion USD is indexed to Standard and Poor’s portfolio of indices, which includes the S&P 500. The S&P 500 index seeks to reflect the status of the whole stock market by tracking the return and volatility of the 500 most commonly held large cap company stocks on the NYSE, capturing approximately 80% of total market capitalization. The 500 companies comprising the SP500 span all major industries and are selected based on their market capitalization, liquidity, ability to be traded, as well as other factors. Additionally, the importance of the SP500 is highlighted by its use as an economic indicator of the health of the United States economy. (Source: TradingView)

*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.

Do you think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below.

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