Stock index S&P 500 is trading at 2588. S&P 500 is trading above the upper Ichimoku Kinko Hyo Cloud, indicating a bullish in the S&P 500. A test area for Ichimoku Kinko Hyo signal lines near level 2575 is expected, from which it is expected to attempt a rebound and development of the bull trend for the target of growth near the level of 2700. A strong signal was previously obtained for the buy of the stock index S&P 500, due to the crossing of the signal lines at the level of 2565.
S&P 500 forecast & analysis on November 9, 2017
An additional signal in favor of the growth of the index will be a test of the lower boundary of the bullish channel. Cancellation of the variant of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 2520, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the stock index S&P 500 is with the breakdown of the level of 2600.
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