Dow Jones 30 and NASDAQ 100 Forecast March 23, 2017, Technical Analysis

By:

Updated: Mar 23, 2017, 05:54 UTC

Dow Jones 30 The Dow Jones 30 initially fell during the session on Wednesday, but found enough of bullish pressure underneath to turn things around and

Dow Jones 30

The Dow Jones 30 initially fell during the session on Wednesday, but found enough of bullish pressure underneath to turn things around and form a supportive looking candle. If we can break above the top of the candle for the day, it’s likely that we will go looking for the 21,000 handle. We have been in a longer-term uptrend for some time, so this pullback should offer value for plenty of traders out there.

Dow Jones 30 and NASDAQ Index Video 23.3.17

NASDAQ 100

The NASDAQ 100 initially fell as well, but found quite a bit of bullish pressure as it started to turn things around and reach towards the 5440 handle. A break above that should send this market towards the 5500 level. I have no interest in shorting this market, and I think the dips like we have seen over the last couple of sessions offer value that people will take advantage of.

NASDAQ 100 daily chart, March 23, 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.