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Nd100 Bias Is Still Bullish

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The Nd100 price forecast in our March 31, 2020 technical analysis was bullish.

New data after Nd100,D1 March 31, 2020 technical analysis still indicate bullish bias.

  • Chicago area manufacturing PMI came in at above-expected 47.8 in March, though down from 49.0 in February.
  • Conference Board’s consumer confidence index declined to 120 in March from 130.7 in February, also beating expectations of 115.1.

Here is what indicators show as of April 1, 2020:

  • The Parabolic Indicator gives a bullish signal.
  • The Bollinger Bands give a neutral signal.
  • The MACD indicator gives a bullish signal.
  • The RSI oscillator has formed a bullish convergence.
  • The Fractals give a neutral signal.
  • The MA(200) Indicator gives a neutral signal.

So the bullish forecast still stands for the Nd100,D1.

Buy stop Above 7910
Stop lossBelow 6610

1 ISM - Chicago, Inc.

The Conference Board Inc.

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