Stock index NASDAQ is trading at 5782.0. NASDAQ is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the NASDAQ. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 5760.0, from which one should expect an attempt to grow and develop the bullish trend on NASDAQ index with the target of growth near the level of 5960.0.
NASDAQ forecast & news on June 23, 2017
Earlier, a weak signal was received for selling the NASDAQ exchange index, due to the intersection of the signal lines at the level of 5769.0. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud 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 the NASDAQ index stands with the breakdown of the local maximum area at the level of 5920.0.
