NASDAQ Index grows on labor market data

By | June 3, 2015

US stock NASDAQ 100 index is preparing to test the strength of the resistance in 4543. After the data on the number of new jobs in non-agricultural sectors of the US economy according to ADP Inc. in line with analysts’ expectations, investors are waiting for a good labor market report on Friday, as there is between the indices of historically quite high correlation.

In addition, positive data gained from the ISM PMI Index in industry and services. Both figures beeped on accelerating growth in the sectors  dj second quarter. Shares are traded in positive territory at the opening of the trading session and have every chance to continue to grow.

nasdaq index chart
Nasdaq index chart

 Trading analytics  

Support and resistance levels  
Support 1   4503
Support 2   4480
Current price:   4523
Resistance 1    4545
Resistance 2    4600

NASDAQ index (NQ)  –  buy nasdaq   –  Purchases, if quotes close above the resistance level of 4545. The goal – 4600. Stop-Loss = 4543

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.

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