The Stock index S&P 500 is trading at the level of 2393.4. The S&P 500 continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the S&P 500. The upper limit of the Ichimoku Cloud near the level of 2386.0 is expected, from which it is expected to try to grow and develop the bullish trend at the stock index near the level of 2407.0.
Ichimoku Kinko Hyo S&P 500 Forecast on May 5, 2017
Earlier, we received a weak signal for sales of the Stock Index S&P 500, due to the intersection of the signal lines at the level of 2386.0. The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 2365.0, 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 2399.0.
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