Dow Jones 30 and NASDAQ 100 Forecast April 24, 2017, Technical Analysis

By:

Updated: Apr 22, 2017, 04:26 UTC

Dow Jones 30 The Dow Jones 30 fell slightly on Friday, but quite frankly it was a very quiet session. When I look at this chart, I recognize that we have

Dow Jones 30

The Dow Jones 30 fell slightly on Friday, but quite frankly it was a very quiet session. When I look at this chart, I recognize that we have been pulling back slightly during the course of earnings season, and I think we will continue to see the market go back and forth in a choppy manner, before buying dips going forward. I am bullish still, and have no interest in shorting.

Dow Jones 30 and NASDAQ Index Video 24.4.17

NASDAQ 100

The NASDAQ 100 did very little on Friday as well, as we are near the highs again. I believe that the market will reach towards the 5500 level, which should have a certain amount of psychological resistance. I believe the pullbacks will continue to be buying opportunities, the market has been bullish, and should continue to be so as the NASDAQ 100 has been the leader of US indices.

NASDAQ 100 daily chart, April 24, 2017

About the Author

Christopher Lewisauthor

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.