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Major US Indices, forecast for the week of October 24, 2016, Technical Analysis

By:
Christopher Lewis

NASDAQ 100 The NASDAQ 100 broke higher during the course of the week, using the 4800 level as support. If we can continue to see buyers enter this market,

US Major Indices Forecast

NASDAQ 100

The NASDAQ 100 broke higher during the course of the week, using the 4800 level as support. If we can continue to see buyers enter this market, I feel that we will break above the 4900 level and then reach towards the 5000 level… Read More Nasdaq 100 Forecast

S&P 500

S&P 500 went back and forth during the course of the week, as we continue to see quite a bit of support at the 2120 level below. Ultimately, I feel that the market will bounce, because I think there is a significant amount of support down to the 2100 level… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 went back and forth during the course of the week in a rather tight trading. With this being the case, looks as if the 18,000 level will continue to be the floor in this market and I think that short-term traders will probably come in and pick this market up every time they can… Read More Dow Jones 30 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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