Stock index S&P 500 is trading at the level of 2393.7. S&P 500 broke through the Ichimoku Kinko Hyo Cloud and began to trade above its upper limit, indicating an bullish trend in the Stock index S&P 500. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 2387.0, from which it is expected to try to grow and develop the bullish trend of the stock index near Level 2423.0.
Technical analysis & forecast S&P 500 on May 24, 2017
Earlier, a medium-strength signal was obtained for the sale of the Stock index S&P 500, due to crossing of the signal lines at the level of 2385.0. Cancellation of the growth of quotations of the Stock index S&P 500 will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 2370.0, 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 stands with the breakdown of the local maximum area at the level of 2315.0.
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