Major US Indices Forecast, August 29, 2016, Technical Analysis

S&P 500

The S&P 500 initially tried to rally during the course of the session on Friday but as you can see found far too much in the way of exhaustion above. By doing so, we did up forming a relatively negative candle and it tells me that the market isn’t quite ready to go higher yet…Read more

NASDAQ 100

The NASDAQ 100 initially tried to rally during the course of the day on Friday, but found enough resistance above the 4800 level to turn things around and form a bit of a shooting star…Read more

Dow Jones 30

The Dow Jones 30 had a very volatile session on Friday as we initially tried to restore to the 18,600 level, but was turned back and pushed much lower. With this being the case, I think that we’re going to try to buying support below, somewhere near the 18,200 level…Read more