The stock index S&P 500 assured the trading week at 2330.7. The S&P 500 is trading inside the Ichimoku Cloud, indicating a sideways trend over the S&P 500. A test of the upper boundary of the Ichimoku Cloud near the level of 2355.0 is expected, from which one should expect an attempt to fall and develop a bearish trend in the S&P 500 Stock Index with the aim of lowering the level of 2280.0.
Ichimoku Kinko Hyo S&P 500 Forecast on April 17 — 21, 2017
Earlier, we received a weak signal for sales of the S&P 500 Stock Index, by crossing the signal lines at the level of 2358.0., However, it is worth trying the sale of the lower boundary of the Ichimoku Cloud. The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 2390.0, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations of the Exchange’s S&P 500 index with a breakdown of the local minimum area at the level of 2340.0.