Advertisement
Advertisement
Dow Jones 30 and NASDAQ 100 Forecast July 4, 2017, Technical Analysis
Updated: Jul 4, 2017, 04:45 GMT+00:00
Dow Jones 30 The Dow Jones 30 of course will be closed, at least the underlying index will be. Ultimately, I like the idea of the 21,500-level offering
PREMIUM
Read what the experts are trading this weekExclusive analysis from FXEmpire top analysts — curated insights you won't find on the free site.In-depth analysis
Curated reports
Top analysts
Unlock Premium
Dow Jones 30
The Dow Jones 30 of course will be closed, at least the underlying index will be. Ultimately, I like the idea of the 21,500-level offering support that we can continue to go higher. I think that the buyers will come back into the markets on Wednesday, but pullback should offer buying opportunities. I have no interest in shorting this market, but obviously won’t be doing anything today.
Dow Jones 30 and NASDAQ Index Video 04.7.17
NASDAQ 100
Monday was relatively brutal as the Americans came back to work, but I think at this point we need to have the 5600-level hold. If it does not, the market is almost certainly going to go down to the 5500 level. A bounce from here could send this market to the 5700 level above. Ultimately, this is a market that will continue to be choppy, and Wednesday will be vital.
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.
Advertisement