The stock index S&P500 is trading at the level of 2358.9. The S&P500 is trading above the moving average with a period of 55, indicating a bullish trend for the S&P500. At the moment, the quotations of the exchange index move between the moving average with a period of 55 and the upper boundary of the bars of the indicator Bollinger Bands. It is worth waiting for an attempt to fall and test the moving average with a period of 55 near the level of 2355, where again we should expect an attempt to continue growth with the first goal near the level of 2385.
Bollinger Bands Forecast S&P500 on March 30, 2017
The conservative buy area is located near the lower boundary of the Bollinger Bands indicator bars at 2325. Canceling the continuation of growth S&P500 will be a breakdown of the lower boundary area, as well as the moving average and the closing of quotes below the area of 2320, indicating a change in the trend in favor of the bearish S&P500. In the event of a breakdown of the upper boundary of the indicator bands, we should expect an acceleration of the growth of the exchange index in the area above the level of 2385.
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