S&P 500 Index forecast for the week 05/16/2016 — 05/20/2016


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Quotes stock index S&P 500 finish the trading week near the level of 2060. At the moment, and here we see the formation of topping forex model head and shoulders, drop goal and working out which is the area on the level below 2000. Cancellation option will be a strong increase in the Dow Jones quotes higher level 2090. An additional signal in favor of the fall is the break through the support level of the indicator of relative strength, which is a model of failure swing, target of the pattern is the breaking of the neckline.

S&P 500 Index forecast for the week 05/16/2016 — 05/20/2016

S&P 500 Index forecast for the week 05/16/2016 — 05/20/2016

Thus, S&P 500 Index forecast for the week 05/16/2016 — 05/20/2016 suggests an attempt to Dow Jones quotes fall within mining reversal pattern, cancellation option will rise above the level of 2090.

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