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Dow Jones 30 and NASDAQ 100 Forecast April 25, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 25, 2017, 03:41 UTC

Dow Jones 30 The Dow Jones 30 gapped higher at the open on Monday, but found a bit of resistance. Ultimately, the market will more than likely pull back

Dow Jones 30 daily chart, April 25, 2017

Dow Jones 30

The Dow Jones 30 gapped higher at the open on Monday, but found a bit of resistance. Ultimately, the market will more than likely pull back to find support, and then continue to go higher. Earnings season will continue to cause volatility, so it won’t necessarily be a straight line to the upside. I am a buyer and not a seller.

Dow Jones 30 and NASDAQ Index Video 25.4.17

NASDAQ 100

The NASDAQ 100 gapped to the upside as well, reaching the 5500 level. That is an area that I think is going to cause a little bit of psychological resistance, so pullback makes a lot of sense. However, I believe that the pullback should offer a buying opportunity at lower levels, as we continue to see a nice uptrend in this market. I have no interest in selling.

NASDAQ 100 daily chart, April 25, 2017
NASDAQ 100 daily chart, April 25, 2017

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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