Dow Jones 30 and NASDAQ 100 forecast for the week of August 28, 2017, Technical Analysis

Dow Jones 30

The Dow Jones 30 rally during the week, after initially falling. The market looks as if it is going to go looking towards the 2002 thousand level above, and I think that the uptrend should continue. I think that the 21,500 level underneath continues offer support, and a market that is most certainly a bullish trend. Even if we got some type a pullback, I’m not willing to sell this market and I believe that it’s only a matter of time before we find buyers underneath that one of the large round numbers that I have marked on the chart.

Dow Jones 30 and NASDAQ Index Video 28.8.17

NASDAQ 100

The NASDAQ 100 went back and forth during the course of the week, forming a slightly positive candle. We are on top of a trendline, so if we can continue to go higher, I think that the market will then break above the 5900 level and reach towards 6000. I am still bullish of this market if we can stay above the uptrend line, but if we were to break down below the 5700 level, I would be a seller.