Major US Indices, forecast for the week of August 29, 2016, Technical Analysis

S&P 500

The S&P 500 initially tried to rally during the course of the week but turned right back around to form a fairly negative candle. By doing so, it looks as if the market is still trying to wind itself up in order to pick up enough momentum to continue going higher…Read more

NASDAQ 100

The NASDAQ 100 initially tried to rally during the course of the week but found the area above the 4800 level before too exhaustive. By doing so, we ended up forming a slightly negative candle but I think there’s more than enough support just below to keep this market going higher…Read more

Dow Jones 30

The Dow Jones 30 fell during the course of the week, especially during the Friday session. With this being the case, looks as if we are going to try to grind a bit lower but I see so much in the way of support underneath that I’m not overly interested in selling…Read more