Major US Indices Forecast, October 13, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 fell initially during the day on Wednesday, testing the 4800 level for support. We did find it there, and now it looks like we’re going to reach towards the 4900 level below. With this being the case, I think that the markets continue to go back and forth and as a result I think that eventually will break out to the upside… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 went back and forth during the course of the session on Tuesday testing the 18,200 level for resistance. I think once we break above there, the market will more than likely head to the 18,400 level and beyond… Read More Dow Jones 30 Forecast

S&P 500

The S&P 500 went back and forth during the course of the session on Wednesday, testing the 2140 level for support. This is an area that seems to be attractive to traders in general but I believe that eventually the buyers will return and push this market much higher. With that being the case, I break above the top of the session should send the market looking for the 2160 level… Read More S&P 500 Forecast