S&P 500 weekly forecast on May 15 — 19, 2017

Stock index S&P 500 completes the trading week at the level of 2390.1. The S&P 500 is trading above the moving average with a period of 55, indicating a bullish trend for the S&P 500. At this point, the stock index moves near the middle border of the Bollinger Bands indicator bars. A correction to the moving average with a period of 55 near the level of 2360.0 is expected, where again we should expect an attempt to continue the growth and development of the bullish trend for the S&P 500 with the first target near the level of 2450.0.

S&P 500 weekly forecast on May 15 — 19, 2017

S&P 500 weekly forecast on May 15 — 19, 2017

The conservative shopping area is located near the lower border of the Bollinger Bands indicator bars at 2340.0. The abolition of the continuation of the growth of the S&P 500 will be a breakdown of the moving average with a period of 55, as well as the lower border of the indicator bands and the closing of the quotations of the exchange index below the area of ​​2300.0, which indicates a change in the trend in favor of the bearish over the S&P 500. In the event of a breakdown of the upper boundary of the indicator bands Acceleration of the growth of the exchange index in the area above the level of 2450.0.


Best Forex Brokers

Share This Post

Post Comment