The stock index NASDAQ completes the trading week at 5583.6. 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 area of signal lines near the level of 5485.0, 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 5710.0.
Ichimoku Kinko Hyo NASDAQ Forecast May 1 — 5, 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. 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 5330.0, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations of NASDAQ’s stock index with a breakdown of the local maximum area at 5600.0.
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