Major US Indices Forecast, October 27, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 initially fell during the course of the session on Wednesday, but turn right back around to form a hammer. If we can break above the top the hammer, we then look to higher levels, especially once we break above the 4900 level… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 initially fell during the course of the session on Wednesday, but found enough support above the 18,000 level to turn things around and form a hammer. I believe this point you can continue to buy the Dow Jones 30 on pullbacks, as it seems that there is quite a bit of buying pressure underneath… Read More Dow Jones 30 Forecast

S&P 500

The S&P 500 fell initially during the course of the session, but bounced enough to form a bit of a hammer. The hammer of course is a bullish sign and I believe that given enough time we continue to go higher. The 2120 level below is massively supportive, so I think we are more than likely going to see buyers entering this market and reaching towards the 2175 handle… Read More S&P 500 Forecast