Stock index NASDAQ is trading at 5878.9. 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 5810.0, from which one should expect an attempt to grow and develop the bullish trend on the NASDAQ exchange index near the level of 6000.0.
NASDAQ forecast & analysis on June 5, 2017
Earlier, a strong signal was received for the NASDAQ exchange index buying, due to the crossing of the signal lines at the level of 5649.5. The cancellation of the growth of quotations of the exchange’s index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 5690.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of stock index NASDAQ, with the breakdown of the local maximum area at the level of 5950.0.
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