21, June 2016

Nasdaq (a 4-hour chart)

Nasdaq (a 4-hour chart)

General overview

The US stock indexes actively rose when the latest poll in the UK showed that the Britons tend to remain in the alliance. NASDAQ was able to increase by 1.23% by the end of trades.

Current situation

The index recovered and was able to test the resistance 4440. The Nasdaq bounced from the mark and decreased back to 4400. The quotes ended the day at 4410. The resistance comes at 4440, the support is at 4400.

MACD is in the negative area. The histogram grew, we received a buy signal from MACD. RSI is in a neutral zone giving no signal. The Moving Averages (50, 100 and 200) are moving downwards. The 200-SMA was broken upwards. The price touched the 50-SMA.

Trading recommendations

If NASDAQ fixates above 4440 the index may grow to 4450 and 4500. Otherwise the price will drop to 4350.