Quotes stock index S&P 500 traded at the level of 2315. Quotes are testing the upper limit of the downward forex wave pattern Wolfe, where we can expect attempts falls and the potential fall in the area below the level of 2100.
S&P 500 Forecast on February 14, 2017
The nearest support area has a level lower than the area 2300. In favor of S&P options drop index quotes 500 performs a tight test resistance area on the indicator of relative strength.
Cancellation option will be the fall of quotations strong growth and the breakdown of the area in 2450, which points to a continuation of the upward movement.
S&P 500 Forecast on February 14, 2017 suggests an attempt to fall within the beginning of working out a bearish Wolfe wave forex model with a potential target of the fall to a level below the region of 2100, the cancellation option will continue to grow and the breakdown of the area in 2450.
