Stock index S&P 500 is trading at the level of 2495.2. The S&P 500 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish in the S&P 500. The stock index is expected to fall to the level of 2483.0, from which it is expected to try to grow and develop the bullish trend on the stock exchange index with the target of growth near the level of 2540.0.
S&P 500 forecast & analysis on September 26, 2017
Earlier, we received a weak signal for buy of the stock index S&P 500, due to the crossing of signal lines at the level of 2445.0. Cancellation of the variant of the 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 2455.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the stock exchange index S&P 500 is with the breakdown of the local maximum area at the level of 2534.0.