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Dow Jones 30 and NASDAQ 100 Forecast April 25, 2017, Technical Analysis
Updated: Apr 25, 2017, 03:41 GMT+00:00
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
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.
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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