Bollinger Bands S&P 500 forecast on March 7, 2017


Quotes S&P 500 stock index trading at 2370. The index is testing the area of the moving average with a period of 55, suggesting a rising trend. As well as the lower limit of the bands Bollinger Bands indicator that appears conservative area to buy S&P 500.

Bollinger Bands S&P 500 forecast on March 7, 2017

Bollinger Bands S&P 500 forecast on March 7, 2017

Index Expect a rebound and try to continue the development of the upward trend from the first upside target near the region of 2400. Cancellation option increase in S&P 500 quotes will sample the region in 2360, which point to the likely shift in favor of a downward trend. Expect faster growth of quotations is a breakdown of the upper boundary of Bollinger Bands indicator strips, and closing above the area in 2400 prices.


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