The stock index S&P 500 is trading at the level of 2398.7. The S&P 500 is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the S&P 500. The test is expected to test the upper boundary of the Ichimoku Cloud near the level of 2391.0, from which one should expect an attempt to grow and develop the bullish trend at the exchange index near the level of 2412.0.
Ichimoku Kinko Hyo Forecast S&P 500 on May 10, 2017
Earlier, a strong signal was received for the purchases of the stock exchange index S&P 500, due to the intersection of signal lines at the level of 2387.0. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 2380.0, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the stock exchange index S&P 500 is with the breakdown of the local maximum area at the level of 2405.0.
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