Nd100 Bias Is Still Bullish

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.

1 ISM - Chicago, Inc.

The Conference Board Inc.