Stock index NASDAQ continue to move in the downward channel. At the time of publication of the forecast, the NASDAQ exchange-rate index is 6856. At this point, we should expect an attempt to test the resistance level near 6990. Where should we expect a rebound and continued growth in NASDAQ quotes to the area below 6455.
NASDAQ forecast & analysis November 1, 2018
In favor of the fall in quotations of the stock index on November 1, 2018, a test of the downward trend line on the relative strength index (RSI) will come out. Cancellation of the option of falling index quotations will be a strong growth and a breakdown of the 7150 area, which will indicate a breakdown of the upper boundary of the channel and continued growth of the NASDAQ with a target above 7650. Wait for NASDAQ to accelerate the fall in quotes and close below 6780.
NASDAQ forecast & analysis November 1, 2018 involves an attempt to test the upper limit of the downward channel near the area of 6990 and continue to fall with a potential target below 6455.