Stock index NASDAQ is trading at 5857.9. The NASDAQ is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the NASDAQ. Ichimoku Kinko Hyo Cloud is expected to test near the level of 5880.0, from which one should expect an attempt to drop and develop a bearish trend on NASDAQ exchange index with the target of reducing near the level of 5710.0.
NASDAQ forecast & analysis on September 26, 2017
Earlier, we received a weak signal for sell of the NASDAQ exchange index, due to crossing of the signal lines at the level of 5950.0. Canceling the variant of falling quotations of the stock index will be the breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 5990.0, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of NASDAQ stock index, with a breakdown of the local minimum area at the level of 5740.0.