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Forecast for S&P 500 (GSPC) Index

Updated Jul 2, 2020
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By default, this page shows the forecast made for S&P 500 index on the latest available forecasting date, and for a period of up to 28 days (4-weeks) under the sections titled weekly, fortnightly and monthly forecasts. To check for the forecasts for other index/ made on other forecasting dates/ made for other target dates, please use the above form after selecting appropriate values.

As of Thursday, 02 July 2020, the S&P 500 index closed at the value of 3,130.01. Based on the closing value and based on a few other key price and value forecasting parameters, following is the probability predictions for the given target levels for the forecast of S&P 500 index. These probability values - in higher-range (70%-100%) , in medium-range (50%-70%) , or in lower-range (0%-50%) - indicate the chance that the S&P 500 index value may reach the mentioned target level anytime between the prediction date and the target date period (sooner or later). Simply put, the higher the probability value, the better the chance that the mentioned target level will be achieved during the target period.

How are we doing? Check Past Results of S&P 500 Index Forecasts made by QForecast.com in the past!

This page is updated with new forecasts after every trading day. Bookmark it to check for latest forecasts!

Fortnightly Forecast for S&P 500 Index (Next Week)

Fortnightly forecast periods range from eight days to 14 days and similar to the weekly forecasts they are more suited for the active day-traders. Such stock market participants make short-term bets on the various financial instruments available for trading, and they regularly book profits (or losses) in small amounts several times in an attempt to make it big.

Fortnightly forecast made on Thursday, 02 July 2020 for target levels for S&P 500 index by target date Friday, 10 July 2020 with expected probability values.
How to use this info? See a detailed live example in the FAQs section.
UP-SIDE Forecast Target Level Period Recommendation
Average probability of 59.47% that price will go UP by +0.5% to the target level of 3,145.66from Fri, 03-Jul-20 to Fri, 10-Jul-2020  A probability of 59.47% represents a game of 50-50 : it may hit, it may miss. Trade at your own risk!
Low probability of 36.88% that price will go UP by +1% to the target level of 3,161.31from Fri, 03-Jul-20 to Fri, 10-Jul-2020  A probability of 36.88% represents a risky proposition. The trade may be a gamble at your own risk.
Since other UP-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

DOWN-SIDE Forecast Target Level Period Recommendation
Low probability of 33.22% that price will go DOWN by -0.5% to the target level of 3,114.36from Fri, 03-Jul-20 to Fri, 10-Jul-2020  A probability of 33.22% represents a risky proposition. The trade may be a gamble at your own risk.
Since other DOWN-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

Monthly Forecast for S&P 500 Index (This Month)

Monthly forecasting inputs typically span a month - that is, their target levels are expected to be hit within a period from around 15 days to around 30 days of the prediction date. This horizon also qualifies for short-term trading, and such traders exhibit more patience to wait for entry and exit into a trade over a period of a month. Such traders allow their trades a sufficient time so that they can make a relatively better profitable move in higher amounts. They look for a little higher returns, which may be to the tune of 1 percent to 3 percent, such that their net annual returns may come to around (3% * 12 months = 36% annual returns) or similar.

Monthly forecast made on Thursday, 02 July 2020 for target levels for S&P 500 index by target date Friday, 17 July 2020 with expected probability values.
How to use this info? See a detailed live example in the FAQs section.
UP-SIDE Forecast Target Level Period Recommendation
Good probability of 74.15% that price will go UP by +0.5% to the target level of 3,145.66from Fri, 03-Jul-20 to Fri, 17-Jul-2020  A probability of 74.15% represents a high chance of positive outcome. One can trade though stop-loss is advised.
Average probability of 56.46% that price will go UP by +1% to the target level of 3,161.31from Fri, 03-Jul-20 to Fri, 17-Jul-2020  A probability of 56.46% represents a game of 50-50 : it may hit, it may miss. Trade at your own risk!
Since other UP-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

DOWN-SIDE Forecast Target Level Period Recommendation
Low probability of 45.8% that price will go DOWN by -0.5% to the target level of 3,114.36from Fri, 03-Jul-20 to Fri, 17-Jul-2020  A probability of 45.8% represents a risky proposition. The trade may be a gamble at your own risk.
Low probability of 35.37% that price will go DOWN by -1% to the target level of 3,098.71from Fri, 03-Jul-20 to Fri, 17-Jul-2020  A probability of 35.37% represents a risky proposition. The trade may be a gamble at your own risk.
Since other DOWN-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

Monthly Forecast for S&P 500 Index (This Month)

Monthly forecasting inputs typically span a month - that is, their target levels are expected to be hit within a period from around 15 days to around 30 days of the prediction date. This horizon also qualifies for short-term trading, and such traders exhibit more patience to wait for entry and exit into a trade over a period of a month. Such traders allow their trades a sufficient time so that they can make a relatively better profitable move in higher amounts. They look for a little higher returns, which may be to the tune of 1 percent to 3 percent, such that their net annual returns may come to around (3% * 12 months = 36% annual returns) or similar.

Monthly forecast made on Thursday, 02 July 2020 for target levels for S&P 500 index by target date Friday, 24 July 2020 with expected probability values.
How to use this info? See a detailed live example in the FAQs section.
UP-SIDE Forecast Target Level Period Recommendation
Very High probability of 83.06% that price will go UP by +0.5% to the target level of 3,145.66from Fri, 03-Jul-20 to Fri, 24-Jul-2020  A probability of 83.06% represents a very high chance of positive outcome! Trade can be made with high chance of profit.
Moderate probability of 67.77% that price will go UP by +1% to the target level of 3,161.31from Fri, 03-Jul-20 to Fri, 24-Jul-2020  A probability of 67.77% represents a moderately higher chance of profitability. Trading with strict stop-loss advised for those who actively track and act on the market developments.
Low probability of 34.88% that price will go UP by +2% to the target level of 3,192.61from Fri, 03-Jul-20 to Fri, 24-Jul-2020  A probability of 34.88% represents a risky proposition. The trade may be a gamble at your own risk.
Since other UP-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

DOWN-SIDE Forecast Target Level Period Recommendation
Average probability of 54.49% that price will go DOWN by -0.5% to the target level of 3,114.36from Fri, 03-Jul-20 to Fri, 24-Jul-2020  A probability of 54.49% represents a game of 50-50 : it may hit, it may miss. Trade at your own risk!
Low probability of 44.85% that price will go DOWN by -1% to the target level of 3,098.71from Fri, 03-Jul-20 to Fri, 24-Jul-2020  A probability of 44.85% represents a risky proposition. The trade may be a gamble at your own risk.
Since other DOWN-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

Monthly Forecast for S&P 500 Index (This Month)

Monthly forecasting inputs typically span a month - that is, their target levels are expected to be hit within a period from around 15 days to around 30 days of the prediction date. This horizon also qualifies for short-term trading, and such traders exhibit more patience to wait for entry and exit into a trade over a period of a month. Such traders allow their trades a sufficient time so that they can make a relatively better profitable move in higher amounts. They look for a little higher returns, which may be to the tune of 1 percent to 3 percent, such that their net annual returns may come to around (3% * 12 months = 36% annual returns) or similar.

Monthly forecast made on Thursday, 02 July 2020 for target levels for S&P 500 index by target date Friday, 31 July 2020 with expected probability values.
How to use this info? See a detailed live example in the FAQs section.
UP-SIDE Forecast Target Level Period Recommendation
Very High probability of 86.62% that price will go UP by +0.5% to the target level of 3,145.66from Fri, 03-Jul-20 to Fri, 31-Jul-2020  A probability of 86.62% represents a very high chance of positive outcome! Trade can be made with high chance of profit.
Good probability of 76.87% that price will go UP by +1% to the target level of 3,161.31from Fri, 03-Jul-20 to Fri, 31-Jul-2020  A probability of 76.87% represents a high chance of positive outcome. One can trade though stop-loss is advised.
Low probability of 49.21% that price will go UP by +2% to the target level of 3,192.61from Fri, 03-Jul-20 to Fri, 31-Jul-2020  A probability of 49.21% represents a risky proposition. The trade may be a gamble at your own risk.
Since other UP-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

DOWN-SIDE Forecast Target Level Period Recommendation
Average probability of 56.24% that price will go DOWN by -0.5% to the target level of 3,114.36from Fri, 03-Jul-20 to Fri, 31-Jul-2020  A probability of 56.24% represents a game of 50-50 : it may hit, it may miss. Trade at your own risk!
Low probability of 45.35% that price will go DOWN by -1% to the target level of 3,098.71from Fri, 03-Jul-20 to Fri, 31-Jul-2020  A probability of 45.35% represents a risky proposition. The trade may be a gamble at your own risk.
Since other DOWN-SIDE target levels have a probability (chance) of less-than 25%, they are not included.

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