Stock index S&P 500 is trading at 2544. S&P 500 is trading above the upper Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the S&P 500. The Ichimoku Kinko Hyo signal line area is expected to be near the 2500 level, from which it is expected to try to grow and develop a bullish trend with a target near the level of 2550. Earlier, a weak signal was received for the buy of the stock index S&P 500, due to the crossing of signal lines at the level of 2445.
S&P 500 forecast & analysis on October 11, 2017
An additional signal in favor of the growth of the index will be the test of the lower boundary of the bullish channel. Cancellation of the variant of growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 2480, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the stock exchange index S&P 500 is with the breakdown of the level of 2550.