The stock index NASDAQ closes the trading week near the level of 7545. The index is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend. As part of the NASDAQ weekly forecast & analysis September 17 — 21, 2018, the Ichimoku Kinko Hyo Cloud upper limit test is expected near the 7450 level, from which it is expected to attempt a rebound and continue the development of the bullish trend with a view to rising near the 7950 level.
NASDAQ weekly forecast & analysis September 17 — 21, 2018
An additional signal in favor of the growth of quotations of the index in the current trading week on September 17 — 21, 2018 will test the lower border of the channel, as well as a rebound from the support level. Earlier, a strong signal was received for the buy of the NASDAQ stock index, 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 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 model «Triangle» and the closing above the level of 7670.
NASDAQ weekly forecast & analysis September 17 — 21, 2018 suggests a test of the level of support level near the area of 7450, from which it is expected to rebound and continue the growth of quotations of the index with a potential target near the level of 7950, the cancellation of the variant of the growth of quotations will fall and breakdown of the region 7180, which will indicate the continued decline in NASDAQ.