Stock index S&P 500 is trading at the level of 2400.2. S&P 500 continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Stock index S&P 500. A test of the signal line area near the level of 2390.0 is expected, from which it is expected to try to grow and develop the bullish trend at the stock index with the target near the level of 2420.0.
Technical analysis and forecast S&P 500 on May 18, 2017
Earlier, a strong signal was received for the but of the stock index S&P 500, due to the crossing of signal lines at the level of 2388.0. 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 quotes below the area of 2388.0, which will indicate a change in the upward trend in favor of a bearish 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 2411.0.
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