US stocks are still traded with optimism, storming new maximum mark.Growth momentum contributes to the flow of statistical data and financial statements.
Bidding on the Nasdaq on Friday were neutral. Index remained in the narrow side channel. Resistance is located at 4600, support - at 4550.
MACD has decreased, which indicates a weakening of buyers in the market. LED still gives a signal on a package. RSI came out of the overbought zone and headed down, which speaks in favor of sellers.
On the hourly chart the price has broken through the 50-EMA and tested 100-EMA. 50-EMA, 100-EMA-EMA 200 and directed upward, which is a signal to buy.
NASDAQ forecast for today
Probably, the index will continue trading at current levels and will remain in the range of 4600-4550.
Based on materials from Fort Financial Services