The stock index NASDAQ is trading at 5657.4. 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 5630, from which one should expect an attempt to grow and develop the bullish trend at the NASDAQ exchange index near the level of 5720.0.
Ichimoku Kinko Hyo NASDAQ Forecast on May 10, 2017
Earlier, a weak signal was received for the purchases of the NASDAQ Exchange Index, due to the intersection of signal lines at the level of 5379.0. The cancellation of the growth of quotations of the exchange’s index will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 5550.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of NASDAQ’s stock index stands with the breakdown of the local maximum area at the level of 5685.0.
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