The stock index S&P 500 is trading at the level of 2389.2. The S&P 500 is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the S&P 500. The upper limit of the Ichimoku Cloud is expected near the level of 2386.0, from which one should expect an attempt to grow and develop the bullish trend at the exchange’s index near the level of 2409.0.
Ichimoku Kinko Hyo Forecast S&P 500 on May 8, 2017
Earlier, we received a weak signal for sales of the S&P 500 Stock Index, due to the intersection of the signal lines at the level of 2386.0. 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 2377.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the Exchange’s S&P 500 index with a breakdown of the local maximum area at the level of 2401.0
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