Dow Jones 30 and NASDAQ 100 Forecast March 24, 2017, Technical Analysis

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Updated: Mar 24, 2017, 04:37 UTC

Dow Jones 30 The Dow Jones 30 rally during the day on Thursday, breaking above the top of the hammer from the previous session. That being the case, I

Dow Jones 30

The Dow Jones 30 rally during the day on Thursday, breaking above the top of the hammer from the previous session. That being the case, I feel that the market should continue to go much higher. This is a market I am very bullish of, just as I am of all US indices overall. I have a target of 21,000 short-term.

Dow Jones 30 and NASDAQ Index Video 24.3.17

NASDAQ 100

The NASDAQ 100 initially fell but turned around to form a hammer. If we can break above the top of the daily range for the session on Wednesday, the market should then reach towards the 5400 level, and then the 5440 level. Ultimately, I believe that the market should reach towards the 5500 level above. I have no interest whatsoever in selling this market.

NASDAQ 100 daily chart, March 24, 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.