Quotes of the S&P 500 exchange rate are traded at 2330. Quotes continue to move within the downward Forex model 5-0 with the potential target of working below the 2200 area. In favor of lowering the quotations of the S&P 500 index is the breakdown of the upward trend line on the indicator of relative strength.
Technical analysis and S&P 500 Forecast on April 17, 2017
The cancellation of the fall in the quotations of the index will be a strong growth of quotations above the area of 2390, which will indicate the breakdown of the upper boundary of the downward model 5-0 and the continuation of the growth of the quotations of the S&P 500.
Technical analysis and S&P 500 Forecast on April 17, 2017 implies an attempt to fall below the level 2200 in the framework of working off the bearish model 5-0, the cancellation will be a breakdown of the upper boundary of the descending channel.
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