Quotations of the S&P500 stock index finished the trading week at the level of 2362. The index continues to move within the upward trend and at the moment there is still potential for continuing growth of quotations of the S&P500 in the area above the level of 2500. In favor of growth, a rebound from the line of upward support on the indicator of relative strength, and Also the formation of an inverted model of the Head and shoulders on the price chart.
S&P500 Forecast for the week April 10 — 14, 2017
Expect to accelerate the growth of quotations index S&P500 is the breakdown of the local maximum area, which indicates the breakdown of the neckline and the completion of the formation of the model of the head and shoulders. The cancellation of the growth option will be the fall in the breakdown of the lower border area of the uplink, indicating that the decline will continue to fall below 2250.
S&P500 Forecast for the week April 10 — 14, 2017 suggests an attempt to continue growth to an area above the 2500 level within the rebound from the rising line Support on the indicator of relative strength.
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