The stock index NASDAQ closes the trading week near the level of 7656. The index is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend. As part of NASDAQ weekly forecast & analysis October 1 — 5, 2018, the Ichimoku Kinko Hyo Cloud upper limit test near the level of 7550 is expected, from which it is expected to attempt a rebound and continue the development of the bullish trend with a view to rising near the level of 8100.
NASDAQ weekly forecast & analysis October 1 — 5, 2018
An additional signal in favor of the growth of quotations of the index in the current trading week on October 1 — 5, 2018 will be a test of the lower border of the uplink, as well as a rebound from the support level. Earlier, a strong signal was received for the NASDAQ exchange index buy, due to crossing of the signal lines at the level of 7130.
Cancellation of the variant of 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 7180, which will indicate the change of the upward trend in favor of the downward trend and the continuation of the fall. Expect to accelerate the growth of quotations NASDAQ stands with the breakdown of the resistance area and the closing above the level of 7750.
NASDAQ weekly forecast & analysis October 1 — 5, 2018 suggests a test of the level of the support level near the area of 7550, where we expect a rebound and the continuation of the growth of quotations of the index with a potential target near the level of 8100, the cancellation of the growth of quotations will come down and breakdown of the region 7180, which will indicate the continued decline in NASDAQ.