Stock index NASDAQ continue to move in the downward channel. At the time of publication of the forecast, the NASDAQ exchange-rate index is 6950. At this point, we should expect an attempt to test the resistance level near 7090. Where should we expect a rebound and continued growth in NASDAQ quotes to the area below 6665.
NASDAQ forecast & analysis October 30, 2018
In favor of the fall in quotations of the stock index will test the downward trend line on the indicator of relative strength. Cancellation of the option of falling index quotations will be a strong growth and a breakdown of the 7200 region, 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 October 30, 2018 involves an attempt to test the upper limit of the bearish channel near the 7090 area and continue to fall with a potential target below 6665, a test of the trend line on the relative strength indicator will act in favor of the fall in quotes, and the region will break down 7200.