Stock index NASDAQ is trading at 5363.2. The NASDAQ continues to trade below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the NASDAQ. It is expected to test the area of signal lines near the level of 5379.0, from which one should expect an attempt to drop and develop a bearish trend on the NASDAQ Stock Market Index with a view to lowering below the level of 5312.0.
Ichimoku Kinko Hyo NASDAQ forecast on March 27, 2017
Earlier, a weak signal was received for the sale of the NASDAQ Stock Index, due to the intersection of signal lines at the level of 5390.0. The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 5382.0, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall of quotations of the NASDAQ Stock Index with the breakdown of the local minimum area at the level of 5357.0.
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