NASDAQ Daily (04.Oct.2014) Technical Analysis Training

NASDAQ:IXIC   Nasdaq Composite Index
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The NASDAQ Index ( NASX ) Daily Diagram Technical Analysis Training shows the following:

The NASX has reacted from SPAN B of KUMO but it didn't breached the Kijun Sen. Now the Index is under the Tenkan Sen(green) and Kijun Sen(blue) too.

So the first think in mind is the case of a further reaction above the Kijun Sen. MACD is bearish and RSI too.

There is no special candlestick pattern except the long gap. There is no special general pattern.

I am cautious because NASDAQ, DJIA and other Market Indexes last Friday, didn't give a convinced reaction. Some of them didn't close at higher highs. Here NASDAQ did.t closed above Kijun Sen or clearly above KUMO.

So Long if it stabilizes above Kijun Sen, stop loss or short into KUMO.
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