Dow Jones 30 and NASDAQ 100 Forecast April 27, 2017, Technical Analysis

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Updated: Apr 27, 2017, 04:17 UTC

Dow Jones 30 The Dow Jones 30 rallied slightly during the day on Wednesday, testing the 21,100 level. We are starting to get a little bit overextended, so

Dow Jones 30

The Dow Jones 30 rallied slightly during the day on Wednesday, testing the 21,100 level. We are starting to get a little bit overextended, so it makes sense that we would pull back to find support below. That should continue to help build up the overall uptrend, reaching towards new highs yet again. I have no interest whatsoever in selling.

Dow Jones 30 and NASDAQ Index Video 27.4.17

NASDAQ 100

The NASDAQ 100 did almost nothing during the day, as we are getting a little bit ahead of ourselves. A pullback is likely, but I think that’s going into being a buying opportunity below, as we are most certainly very bullish. I believe that the 5500 level will be attractive for buyers.

NASDAQ 100 daily chart, April 27, 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.