Nasdaq (a 4-hour chart)
The USA Bonds market started the last trading day in the red zone. The indices decreased after the disappointed GDP data in the USA.
The overall outlook remained bullish. The index traded close to its highs at 4737. The price consolidated during the day. The NASDAQ closed the day bearish. The resistance is at 4800, the support stands at 4700.
The indicators recommend long positions. MACD is in the positive area. The histogram decreased which indicates the buyers’ positions weakening. RSI left the overbought area.
The 50, 100 and 200 EMAs are moving upwards in the 4 hours chart.
We do not exclude a correction. The potential sell targets are the two levels of support: 4700 and 4650.