Quotes NASDAQ stock exchange index traded at the level of 4776, at the moment, this area serves quality level of resistance. We should expect the beginning of falling of quotations index to below the level of 4500.
NASDAQ forecast for the week August 29, 2016 — September 2, 2016
Cancellation option will drop the strong growth and the breakdown of the level of 4850, which points to continued growth in the index. A strong signal in favor of the fall is the rebound value of the indicator of the relative strength of the downtrend line, indicating that the fall already from current levels. Also on the NASDAQ daily chart is formed by expanding the model formation, which indicates a potential reversal of the current trend and the quotes to continue falling in the area of a local minimum in the long run.
NASDAQ forecast for the week August 29, 2016 — September 2, 2016 suggests an attempt to index falling in the rebound from the resistance area with the immediate goal of the fall in the level of 4500.
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