Stock index NASDAQ is trading at 5703.6. NASDAQ is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the NASDAQ. It is expected to test the area of signal lines near the level of 5660.0, from which one should expect an attempt to grow and develop the bullish trend on the Stock index NASDAQ near the level of 5770.0.
Technical analysis & NASDAQ forecast on May 17, 2017
Earlier, a weak signal was received for the buy of the Stock index NASDAQ, due to the crossing of the signal lines at the level of 5379.0. The cancellation of the growth of quotations of the Stock index NASDAQ will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 5590.0, which will indicate a change in the bullish trend in favor of a vearish trend. Expect the acceleration of the growth of quotations of the Stock index NASDAQ the breakdown of the local maximum area at the level of 5730.0.
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