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Nasdaq yesterday at a glance – The NASDAQ recovered back to 13,403.4 after dipping down to 13,132.47 in a session that started at 13,403.4.

This in-between state for the Nasdaq is reflected by market data published as the United States ISM Manufacturing PMI (Jan) fell short of the 60 projections, at 58.7 and continued its downward trajectory from the previous figure of 60.5. Released yesterday at 3:00 PM, United States’s ISM Manufacturing Employment (Jan) showed an uptick coming in at 52.6, up from the previous number of 51.7. Released yesterday at 2:45 PM, United States’s Manufacturing PMI showed an uptick, coming in at 59.2, up from the previous number of 59.1.

The Chart pattern study shows the Nasdaq is climbing away and is now 503.97 points from the 12,899.42 support line. In terms of trend indicators, we can see that the MACD line is below the MACD signal line significantly, meaning the medium-term trend might turn positive.