Nasdaq (a 4-hour chart)
The Bonds Market in the US remained optimistic due to the positive macroeconomic data in the US.
The index was neutral on Friday. The Nasdaq remained in a narrow side channel. The resistance is at 4600, the support is seen at 4550.
MACD decreased which indicates the buyers’ positions weakening. The indicator still gives a buy signal. RSI left the overbought area and moved downwards that also supports sellers.
The price broke the 50-EMA and touched the 100-EMA in the 1 hour chart. The 50, 100 and 200 EMAs direction is upwards which is a buy signal.
We expect the price to remain at the current levels and will fluctuate between 4600 and 4550.