Stock index NASDAQ is trading at 5625.8. NASDAQ continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the NASDAQ. Ichimoku Kinko Hyo Cloud near the level of 5610.0 is expected to test the upper boundary of the cloud, from which one should expect an attempt to grow and develop the bullish trend at the Stock index NASDAQ near the level 5740.0.
NASDAQ forecast & analysis on May 22, 2017
Earlier, a weak signal was received for the buy of the Stock index NASDAQ, due to the intersection of the signal lines at the level of 5379.0. The cancellation of the growth of quotations of the NASDAQ will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 5600.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the Stock index NASDAQ, with a breakdown of the local maximum area at the level of 5690.0.