NASDAQ index tries to return to growth

By | June 10, 2015

US stock indexes have attempted to return to the growth trajectory after touched important technical support levels due to the ongoing flow of positive macroeconomic statistics.

Investors keep the focus of retail sales for the month of May, which will be published tomorrow at 12.30 GMT and are the main macroeconomic releases of the week. It is predicted that the increase in the core index is 0.7% compared with the previous month, and it will beep the acceleration of consumer spending, which accounts for 70% of GDP.

Stock index NASDAQ-100 may be of interest for purchases in the event of a return to the important support level of 4438, and which is also a 50-hour moving average.

nasdaq index chart
Nasdaq index chart

Trading analytics  

Support and resistance levels  
Support 1   4438
Support 2   4418
Current price:   4445,25
Resistance 1    4465
Resistance 2    4481

NASDAQ-100 (NQ)   –   buy nasdaq index      Purchases, if the quotes will move up after testing support for 4438. The goal – 4465 or 4481. Stop-Loss = 4418

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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