S&P 500 forecast on November 17, 2016


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Quotes S&P 500 stock index traded at the level of 2176. At the moment, there is a potential for a fall of the index of quotations within the beginning of working out a reversal pattern Double Top with a view to falling below the area of 2150.

S&P 500 forecast on November 17, 2016

S&P 500 forecast on November 17, 2016

Cancellation option will be a strong growth of quotations of S&P 500 above the level of 2190, which indicates the continuation of an upward trend. In favor of the falling S&P 500 quotations testing the resistance line of the descending on the indicator of relative strength.

S&P 500 forecast on November 17, 2016 suggests an attempt to reduce to the 2150 level in the framework of start working out a reversal pattern Double Top; cancellation will update the local maximum region.

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