The stock index S&P 500 is trading at the level of 2343.6. The S&P 500 is trading below the lower limit of the Ichimoku Cloud, indicating a downward trend in the S&P 500. The lower limit of the Ishimoku Cloud is expected near the level of 2345.0, from which it is expected to try to fall and develop a bearish trend in the S&P 500 stock index with a view to reducing to the level of 2318.0.
Ichimoku Kinko Hyo S&P 500 forecast on April 21, 2017
Earlier, we received a weak signal for the purchases of the S&P 500 Exchange Index, due to crossing of the signal lines at the level of 2343.0. 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 2355.0, which indicates a change in the downward trend in favor of the upward trend. Expect to accelerate the fall in quotations of the S&P 500 Stock Index, with a breakdown of the local minimum area at the level of 2331.0.