Stock index S&P 500 completes the trading week at the level of 2381.3. S&P 500 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Stock index S&P 500. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 2355.0, from which it is expected to try to grow and develop the bullish trend of the Stock index S&P 500 for growth near the level 2450.0.
S&P 500 weekly forecast on May 22 — 26, 2017
Earlier, a medium strength signal was obtained to buy the Stock index S&P 500, due to the crossing of signal lines at the level of 2364.0. The cancellation of the growth of quotations of the Stock 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 2330.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the Stock index S&P 500 is with the breakdown of the local maximum area at the level of 2425.0.
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