NASDAQ Predicted to Remain Between 4550 and 4600
Last week was a fairly volatile week for the NASDAQ, having begun the week at 4,596.54 it dropped on Wednesday to 4,549.19.60 before rising and falling over the next couple of days and finally closing on Friday at 4,567.60.
The index has recently been taken to its highest level in some years due to the strength of technology companies. However, it has not managed to break through the 4,600 level despite coming extremely close. Should it manage this then there is a good chance that the index will keep rising.
However, it seems that the NASDAQ is set to continue bouncing between the 4550 level and the 4600 level with a slightly negative trend. It is likely that support will be found at the 4500 level and it is very unlikely that the index will dip below it.