The stock index S&P 500 is trading at the level of 2384.1. The S & P500 continues to trade above the upper limit of the Ishimoku Cloud, indicating an upward trend in the S & P500. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 2374.0, from which one should expect an attempt to grow and develop the bullish trend at the stock exchange index near the level of 2402.0.
Ichimoku Kinko Hyo S&P 500 forecast on May 1, 2017
Earlier, a weak signal was received for the purchases of the S&P 500 Exchange Index, due to crossing of the signal lines at the level of 2343.0. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 2358.0, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations of the Exchange’s index S&P 500 stands with the breakdown of the local maximum area at the level of 2394.0
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