The stock index NASDAQ is trading at 5416.8. The NASDAQ is trading inside the Ichimoku Cloud, which indicates the presence of a lateral trend for the NASDAQ. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 5390.0, from which it is expected to test the upper boundary of the Ichimoku Cloud near the level of 5413.0.
Ichimoku Kinko Hyo NASDAQ forecast on April 21, 2017
Earlier, a weak signal was received for the purchases of the NASDAQ Exchange Index, due to the intersection of signal lines at the level of 5379.0. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Cloud and the closing of quotations above the level of 5440.0, in case of breaking through the lower boundary of the Ishimoku Cloud, we should expect the continuation of the development of the downward trend in NASDAQ.