Stock index NASDAQ is traded at 6672.3. The NASDAQ is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the NASDAQ. The stock index is expected to fall to the level of 6610.0, from which one should expect an attempt to grow and develop the bullish trend on the NASDAQ index with the target of growth near the level of 6800.0.
NASDAQ forecast & analysis on January 10, 2018
Previously, a strong signal was obtained for the buy of NASDAQ index, due to the crossing of the signal lines at the level of 6480.0. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 6480.0, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of NASDAQ stock index, with a breakdown of the local maximum area at 6770.0.