Nasdaq(a 4-hour chart)
Wall Street traded higher on Friday after positive bank earning reports and on the back of the positive US statistics.
The index extended its recovery on the European trade on Friday. Traders pushed the price higher and could escalate up to 4845 where the 50-EMA stopped the upward momentum. The price pierced the line and roll back below the 200-EMA ahead of the
MACD is in the negative area. MACD grew which indicates the sellers’ positions weakening. RSI is within the neutral area.
NASDAQ had a negative day on Friday. If the negative tone prevails the index will test 4800 and may drop to 4770.