The NASDAQ benchmark is trading at 5321.0. NASDAQ continues to move below the moving average with a period of 55, indicating a bearish trend for the NASDAQ. At the moment, quotations of the stock index test the lower boundary of the bands of the indicator Bollinger Bands. It is worth waiting for an attempt to grow and test the middle border of the bands near the level of 5350.0, where again we should expect an attempt to continue falling with the first target near the level of 5275.0.
Bollinger Bands forecast NASDAQ on March 28, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at the level of 5385.0. The cancellation of the variant of continuation of the NASDAQ fall will be the breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotes above the 5400.0 area, which will indicate a change in the trend in favor of the bull on the NASDAQ. In the event of a breakdown of the lower border of the indicator strip, it is expected to accelerate the fall of the exchange index in the area below the level of 5275.0.
