The stock index S&P 500 is trading at the level of 2376.1. The S&P 500 is trading above the upper limit of the Iсhimoku Cloud, indicating an upward trend in the S&P 500. It is expected to test the area of signal lines near the level of 2365.0, from which one should expect an attempt to grow and develop the bullish trend at the exchange’s index near the level of 2390.0.
Ichimoku Kinko Hyo S&P 500 forecast on April 26, 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 2340.0, 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 index S&P 500 is with the breakdown of the local maximum area at the level of 2385.0.
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