Major US Indices Forecast, October 26, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 initially tried to rally during the day on Tuesday, but found the area above the 4900 level be a bit too resistive. With this being the case, looks like we may need to pull back a little bit to build up momentum but I have no interest whatsoever in selling… Read More Nasdaq 100 Forecast

S&P 500

The S&P 500 initially rallied on Tuesday but turned right back around to form a relatively negative candle. At this point though, I think there is more than enough support below that extends all the way down to the 2120 level, and as a result I am waiting to see a supportive candle or break above the top of the candle for Tuesday in order to go long… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 went back and forth during the day on Tuesday, as we continue to see quite a bit of volatility. I still believe that the 18,000 level below is essentially the “floor” in this market, and that we are simply trying to build up enough momentum in this index to continue going higher… Read More Dow Jones 30 Forecast