The stock index S&P 500 is trading at the level of 2386.8. The S&P 500 continues to trade above the upper limit of the Iсhimoku Cloud, indicating an upward trend in the S&P 500. The test area of signal lines near the level of 2375.0 is expected, from which one should expect an attempt to grow and develop a bullish trend on the stock exchange index near the level of 2400.0.
Ichimoku Kinko Hyo forecast S&P 500 on April 27, 2017
Earlier, a weak signal was received for the purchases of the S&P 500 Exchange Index, due to crossing of the signal lines at the level of 2343.0. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 2350.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the Exchange’s S&P 500 index with a breakdown of the local maximum area at the level of 2390.0.
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