Major US Indices Forecast, August 25, 2016, Technical Analysis

S&P 500

The S&P 500 fell slightly during the course of the session on Wednesday, testing the 2180 handle. There is quite a bit of support just below though, so given enough time I feel that the markets will find some type of support…Read more

NASDAQ 100

The NASDAQ 100 fell slightly during the course of the session on Wednesday, and as a result it looks like we are going to continue to grind sideways overall. When we fall, I expect to see supportive candles just below on short-term charts in order to take advantage of what has been a fairly stable market…Read more

Dow Jones 30

The Dow Jones 30 fell initially during the course of the session on Wednesday, but at this point in time I believe that the 18,300 level below is massively supportive. I believe that at the first sign of support traders will jump back into this market in order to start going long yet again…Read more