S&P 500 forecast December 19, 2016 — December 23, 2016


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Quotes S & P 500 stock index traded at the level of 2262. At the moment, the index quotes continue to move in the bullish trend. Potential upside target SP500 quotes is the area above the level of 2380. However, at the moment we should not exclude attempt of correction at least to the lower boundary of the rising channel quickly, and as a maximum to the nearest support area at a level lower than in 2195, where once again we can expect growth of quotations attempt SP500 .

S&P 500 forecast December 19, 2016 — December 23, 2016

S&P 500 forecast December 19, 2016 — December 23, 2016

Cancellation option will be the growth of quotations of the sample areas of support and a drop in prices below the level of 2170, which points to continued decline in the area below the level of 2120. An additional signal in favor of the rebound of the push-test the broken trend line on the indicator of relative strength.

S&P 500 forecast December 19, 2016 — December 23, 2016 suggests an attempt of correction to support at 2195, where we can expect an attempt to continue the development of an upward trend with the potential upside target at the level of 2380.

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