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Sergey Golubev, 2017.04.15 10:49
Weekly Fundamental Forecast for S&P 500 (based on the article)
S&P 500 - "U.S. markets ended last week on a negative note, closing at their worst levels of the holiday-shortened week. The S&P 500 broke the November trend-line on Wednesday after carving out a second lower high on the day the FOMC released its minutes from the March policy meeting. The next leg in this sequence of lower highs since the March record high, is for a lower low below last month’s low of 2322. The next level of support on a lower low may come in at the lower parallel around 2307. The next levels of price support comes in at 2301, and with aggressive selling we could see a move towards the 2270s. It will take some work from current levels to turn the picture positive."