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Dow Jones 30 and NASDAQ 100 Forecast April 26, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 26, 2017, 02:54 UTC

Dow Jones 30 The Dow Jones 30 rallied significantly during the day on Tuesday, breaking out and towards the 21,000 level. I believe that pullbacks should

Dow Jones 30 daily chart, April 26, 2017

Dow Jones 30

The Dow Jones 30 rallied significantly during the day on Tuesday, breaking out and towards the 21,000 level. I believe that pullbacks should continue to be buying opportunities, and although we are a little overextended currently, I think there is plenty of value left in the market, so I’m looking at pullbacks as opportunities to jump into a market that should go much higher.

Dow Jones 30 and NASDAQ Index Video 26.4.17

NASDAQ 100

The NASDAQ 100 continues to shoot straight up into the sky, and at this point I believe that buying short-term pullbacks will probably be the best way to deal with this market. I have no interest in shorting, I believe that the NASDAQ 100 will not only be the strongest US indices, but one of the strongest ones that I follow overall.

NASDAQ 100 daily chart, April 26, 2017
NASDAQ 100 daily chart, April 26, 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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