Stock index S&P 500 completes the trading week at the level of 2394.1. The S&P 500 continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the S&P 500. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 2360.0, from which it is expected to try to grow and develop the bullish trend for the S&P 500 Stock Index Growth near the level of 2450.0.
S&P 500 forecast for the week May 15 — 19, 2017
Earlier, a medium strength signal was obtained for the purchases of the Stock Index S&P 500, due to crossing of the signal lines at the level of 2364.0. The cancellation of the growth of quotations of the exchange’s 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 2340.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the Exchange’s index S&P 500 is with the breakdown of the local maximum area at the level of 2415.0.
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