Stock index S&P 500 is trading at the level of 2399.3. The S&P 500 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the S&P 500. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 2391.0, from which it is expected to try to grow and develop the bullish trend at the stock index near the level of 2415.0.
Technical Analysis and Forecast S&P 500 on May 12, 2017
Earlier, a strong signal was received for the purchases of the stock exchange index S&P 500, due to the intersection of signal lines at the level of 2388.0. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 2384.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the stock exchange index S&P 500 is with the breakdown of the local maximum area at the level of 2408.0.
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