US stock indexes on Tuesday traded in the "red zone". On investor sentiment affects the low level of corporate reporting company Netflix Inc (NASDAQ: NFLX), which is the world's leading video streaming service.
On Tuesday, the index fell. Nasdaq has lost about 0.42% in trading. However, the mood of the instrument remain positive. 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 is close to overbought area, which is a signal to buy.
On the hourly chart the price of 100-EMA. Tool 50 is located between 100 and-EMA-EMA. On the 4-hour chart, the EMA-100 broke through 200, the EMA in the upward direction. Moving averages (50, 100 and 200) are directed upwards.
Forecast on the Nasdaq today
Probably, growth resumed and the Nasdaq index in the case of fixing prices above the level of 4600, Target will make a mark 4650. It is possible that the price will begin correction with the target of 4550.
Based on materials from Fort Financial Services