Ahead of tomorrow's session Nasdaq is trading around 15,048
(Last update 8:06am EST, September 26, 2021)
Nasdaq Friday at a glance – NASDAQ recovered back to 15,048 after dipping down to 14,947 in a session that started at 15,052.
Chart pattern study shows Nasdaq resistance level is at 15,374. In terms of trend indicators, we can see that at 15,000, Nasdaq made an initial breakout above 10 day Simple Moving Average, an indication of a positive trend. The MACD line is below the MACD signal line significantly, meaning medium-term trend might turn positive.
Overall, looking at the technical analysis landscape, it seems the Nasdaq might start pointing upward in the short term.
While Nasdaq was pretty flat Friday, mixed performances were seen elsewhere as Snap reaches a new record high at $83.34. Salesforce ascends to $286.36, its highest rate ever.
Data to be released later might clear up some of the fog for Nasdaq as projections for United States Core Durable Goods Orders are set for a continuation of decline with 0.5% while previous data was 0.8%, data will be released tomorrow at 12:30 PM.