The Stock index S&P 500 completes the trading week at the level of 2384.1. The S&P 500 broke through the Ichimoku Cloud and began to trade above its upper limit, indicating an upward trend in the S&P 500. A test of the upper limit of the Ichimoku Cloud near the level of 2364.0 is expected, from which it is expected to try to grow and develop a bullish trend for the S&P 500 Stock Index for growth To the level 2440.0.
Ichimoku Kinko Hyo S&P 500 Forecast May 1 — 5, 2017
Earlier, a medium strength signal was obtained for the purchases of the S&P 500 Stock Index, due to crossing of the signal lines at the level of 2364.0. The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 2320.0, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations of the Exchange’s S&P 500 index with a breakdown of the local maximum area at the level of 2400.0.
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