Today, US stock indices show a stable or upward trend due to the rise in oil prices.
The index fell from recent highs on Thursday. Despite the decrease, the overall sentiment is still bullish. Buyers are in no hurry to give up their gains. Price is now fighting for the level of 4800. 100 EMA-neutral, 50 EMA and 200 EMA are directed upwards on the 4-hour chart. Resistance at index 4835, support at 4800.
MACD has decreased, which indicates a weakening of customer positions. RSI rebounded from overbought area.
NASDAQ situations forecast
Sentiment in the market has changed to bearish. The price may break the level of 4800 and a decrease in the area 4770.
Research Fort Financial Services