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Dow Jones 30 and NASDAQ 100 Forecast April 13, 2017, Technical Analysis
Updated: Apr 13, 2017, 03:59 GMT+00:00
Dow Jones 30 The Dow Jones 30, like most indices around the world, fell during the Wednesday trading session. However, we still sit above the vitally
Dow Jones 30
The Dow Jones 30, like most indices around the world, fell during the Wednesday trading session. However, we still sit above the vitally important 20,500 support level, so I think this is more of the same, simply grinding sideways. With that in mind, short-term back and forth type of trading is probably going to happen next.
Dow Jones 30 and NASDAQ Index Video 13.4.17
NASDAQ 100
The NASDAQ 100 fell significantly during the day on Wednesday, but remains well supported below and we are still looking at the 5300 level as a massive “floor” in the market. Because of this, I believe it’s only a matter of time before the buyers return, but I would step aside and wait for a supportive candle before putting any money to work.
About the Author
Christopher Lewisauthor
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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