Stock index S&P500 is trading at the level of 2362.2. 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 quotes of the exchange index move between the upper and middle boundaries of the bands of the indicator Bollinger Bands. It is worth to expect an attempt to fall and test the moving average with a period of 55 near the level of 2360.0, where again we should expect an attempt to continue growth with the first goal near the level of 2380.0.
Bollinger Bands S&P500 forecast on April 3, 2017
The conservative buy area is located near the lower border of the Bollinger Bands indicator strip at the level of 2350.0. The abolition of the continuation of the growth of the S&P500 will be the breakdown of the lower boundary area, as well as the moving average and the closing of the pair’s quotes below the area of 2345.0, which will indicate a change in the trend in favor of the bearish S&P500. In the event of a breakdown of the upper border of the indicator strip, it is expected to accelerate the growth of the exchange index in the area above the level of 2380.0.
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