Stock index S&P 500 is trading at the level of 2402.0. S&P 500 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Stock index S&P 500. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 2390.0, from which it is expected to try to grow and develop the bullish trend of the stock index near the level of 2425.0.
Technical analysis & S&P 500 forecast on May 17, 2017
Earlier, a strong signal was received for the buy 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 Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 2385.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of theStock index S&P 500 the breakdown of the local maximum area at the level of 2415.0.
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