The stock index NASDAQ is trading at 5627.6. The NASDAQ is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the NASDAQ. It is expected to test the area of signal lines near the level of 5610.0, from which one should expect an attempt to grow and develop the bullish trend at the NASDAQ exchange index near the level of 5690.0.
Ichimoku Kinko Hyo NASDAQ Forecast on May 8, 2017
Earlier, a weak signal was received for the purchases of the NASDAQ Exchange Index, due to the intersection of the signal lines at the level of 5379.0. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 5540.0, which will indicate a change in the upward trend in favor of the downward trend. Expect the acceleration of the growth of quotations of the NASDAQ Stock Index with the breakdown of the local maximum area at the level of 5655.0.
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