S&P 500 forecast & analysis on May 22, 2017

Stock index S&P 500 is trading at the level of 2365.6. The S&P 500 is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the S&P 500. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 2373.0, from which it is expected to try to fall and develop a bearish trend at the exchange’s index near the level of 2335.0.

S&P 500 forecast & analysis on May 22, 2017

S&P 500 forecast & analysis on May 22, 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. Canceling the falling quotations of the Stock index S&P 500 will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of ​​2385.0, which will indicate the change of the downward trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the Stock index S&P 500 is with the breakdown of the local minimum area at the level of 2345.0.


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