Stock index S&P 500 is trading at the level of 2389.1. 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 2380.0, from which it is expected to try to grow and develop a bullish trend at the stock index near 2402.0.
Ichimoku Kinko Hyo S&P 500 Forecast on May 3, 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. 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 2361.0, 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 S&P 500 index with a breakdown of the local maximum area at the level of 2396.0.
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