The Stock index NASDAQ is trading at 5383.9. The NASDAQ is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the NASDAQ. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 5370.0, from which one should expect an attempt to grow and develop the bullish trend on the NASDAQ Stock Index with the aim of increasing the level of 5420.0. Earlier, we received a weak signal for sales of the NASDAQ Stock Index, due to the intersection of the signal lines at the level of 5355.0.
Ichimoku Forecast NASDAQ on March 29, 2017
The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 5360.0, which will indicate a shift in the upward trend in favor of the downward trend. Expect the acceleration of the growth of quotations of the NASDAQ Stock Index with the breakdown of the local maximum area at the level of 5395.0.
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