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Major US Indices Forecast, October 24, 2016, Technical Analysis

By:
Christopher Lewis

NASDAQ 100 The NASDAQ 100 initially fell during the day on Friday, testing support yet again just above the 4800 level. Because of this, we ended up

US Major Indices Forecast

NASDAQ 100

The NASDAQ 100 initially fell during the day on Friday, testing support yet again just above the 4800 level. Because of this, we ended up forming a hammer which of course was preceded by the hammer before that… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 initially fell during the course of the session on Monday, but found enough support just above the 18,000 level to form a bit of a hammer. If we can break above the top is hammer I believe that the market will then grind towards the 18,400 level… Read More Dow Jones 30 Forecast

S&P 500

The S&P 500 initially fell during the day is all US indices did, but later in the trading session ended up bouncing enough to form a nice-looking hammer. It appears that the 2120 level below is going to continue to offer support, and with that I think that it’s only a matter of time before we go higher… Read More S&P 500 Forecast

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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