Dow Jones 30 and NASDAQ 100 Forecast July 19, 2017, Technical Analysis

Dow Jones 30

The Dow Jones 30 went sideways initially during the day, and then fell significantly towards the 21,500 level. We are starting to see some type of stability there though, so I think the more than likely we will see buyers return to this market and push the Dow Jones 30 higher. Because of this, if you can handle the volatility I think that short-term buyers will be rewarded rather quickly. I don’t have any interest in selling, least not until we break down below the 21,000 level, which isn’t going to happen anytime soon. Given enough time, the market should continue to go much higher.

Dow Jones 30 and NASDAQ Index Video 19.7.17

NASDAQ 100

NASDAQ 100 traders went sideways during most of the day but did dip early in the American session. Having said that, we turned around on an hourly hammer, and broke out to a fresh, new high. I believe that the market will continue to be a “buy the dips” situation going forward, and I believe that the 5800-level underneath should continue to be massive support. Essentially the “floor” of the market. I think the given enough time we will then go to the 5900 level, and then eventually the 6000 level after that. We have been in an uptrend for some time, and I think we will continue to be so going forward. With this, I buy on the dips, and I don’t have any interest in shorting.