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Dow Jones 30 and NASDAQ 100 forecast for the week of May 1, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Apr 29, 2017, 04:45 UTC

Dow Jones 30 The Dow Jones 30 had a very positive week, but did struggle at the 21,000 level. If we can break above there, the market should continue the

Dow Jones 30 weekly chart, May 01, 2017

Dow Jones 30

The Dow Jones 30 had a very positive week, but did struggle at the 21,000 level. If we can break above there, the market should continue the longer-term uptrend. Even if we do pull back from here, I think that the 20,500-level underneath offer support.

Dow Jones 30 and NASDAQ Index Video 01.5.17

NASDAQ 100

The NASDAQ 100 gapped higher at the open, and then reach towards the 5600 level. The candle of course is very bullish, and I believe that the NASDAQ 100 will continue to offer buying opportunities on pullbacks as we have seen so much in the way of bullish strength.

NASDAQ weekly chart, May 01, 2017
NASDAQ weekly chart, May 01, 2017

About the Author

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.

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