The stock index NASDAQ closes the trading week near the level of 7387. The index is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the NASDAQ. The test area of Ichimoku Kinko Hyo signal lines near the level of 7200 is expected, from which it is expected to attempt a rebound and development of the bullish trend with the aim of growth near the 7900 level.
NASDAQ weekly forecast & analysis July 16 — 20, 2018
An additional signal for the growth of the index on the current trading week on July 16 — 20, 2018 will be a test of the lower border of the chnanel, as well as a test of the support level. Earlier, a strong signal was received for the buy of the stock index NASDAQ, due to crossing of the signal lines at the level of 7130.
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 level of 6850, which will indicate a change in the bullish trend in favor of the bearish trend and the continuation of the fall. Expect to accelerate the growth of quotations NASDAQ stands with the breakdown of the upper boundary of the rising channel and the closing above the level of 7700, which will form a strong signal in favor of the development of the bullish trend.
