Stock index S&P 500 is trading at the level of 2742.8. S&P 500 is trading above the upper Ichimoku Kinko Hyo Cloud, indicating a bullish in the S&P 500. The stock index is expected to fall to the level of 2730.0, from which it is expected to try to grow and develop the bullish trend on the stock market index with the target of growth near the level of 2790.0.
S&P 500 forecast & analysis on January 10, 2018
Earlier, a medium strength signal was obtained for the buy of the S&P 500 stock index, due to the crossing of signal lines at the level of 2680.0. Cancellation of the variant of growth of quotations of the stock index will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 2680.0, 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 exchange index S&P 500 is with the breakdown of the local maximum area at the level of 2770.0.