Stock index S&P500 is trading at the level of 2344.1. The S&P500 continues to trade below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the S&P500. A lower limit of the Ichimoku Cloud near the level of 2350.0 is expected, from which it is expected to try to fall and develop a bearish trend in the S&P 500 stock index with the aim of reducing the level of 2323.0. Earlier, a medium strength signal was obtained for the sale of the S&P500 Stock Index, due to crossing of the signal lines at the level of 2373.0.
Ichimoku Forecast S&P500 on March 29, 2017
The abolition of the decline option will be the breakdown of the upper boundary of the Iсhimoku Cloud with the closing of quotations above the area of 2368.0, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations of the Stock index S&P500 index with a breakdown of the local minimum area at the level of 2340.0.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
