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

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Updated: Mar 25, 2017, 05:35 UTC

Dow Jones 30 The Dow Jones 30 market rallied initially during the session on Friday but found a bit of resistance at the 50-day exponential moving

Dow Jones 30

The Dow Jones 30 market rallied initially during the session on Friday but found a bit of resistance at the 50-day exponential moving average. The shooting star was preceded by yet another one on Thursday so I think we may pull back a little bit from here. Nonetheless, I still believe there’s more than enough support below, and this will be especially true near the 20,000 handle. I’m simply waiting for a supportive candle on the daily timeframe to start going long again.

Dow Jones 30 and NASDAQ Index Video 27.3.17

NASDAQ 100

The NASDAQ 100 on the other hand found quite a bit of bullish pressure and rose during the day. The NASDAQ 100 has done better than the other indices in America overall during the last several months, and that could be the case here. I believe pullbacks offer buying opportunities, and that we will eventually reach towards the highs again.

NASDAQ 100 daily chart, March 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.