The stock index NASDAQ completes the trading week at 5645.7. The NASDAQ continues to trade above the upper boundary of the Ichimoku Cloud, indicating an upward trend in the NASDAQ. It is expected to test the area of signal lines near the level of 5510.0, 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 5830.0.
Ichimoku Kinko Hyo NASDAQ Forecast May 8 — 12, 2017
Earlier, a strong signal was received for the purchases of the NASDAQ Stock Index, due to the intersection of the signal lines at the level of 5396.0. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 5380.0, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations of the NASDAQ exchange index costs with the breakdown of the local maximum area at the level of 5750.0.
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