Dow Jones 30 and NASDAQ 100 Price Forecast February 14, 2018, Technical Analysis

Dow Jones 30

The Dow Jones 30 went sideways initially during the trading session on Tuesday, but then drifted a little bit lower. It hasn’t done much though, and the 25,000 level is just above, an area that should be resistive due to psychological pressure and of course the previous resistance that we have seen there. If we can break above the 25,000 handle, the market should continue to go even higher, perhaps continuing the longer-term uptrend, which I believe is eventually going to happen. Pullbacks of this point should see plenty of support down to the 23,000 handle.

Dow Jones 30 and NASDAQ Index Video 14.02.18

NASDAQ 100

The NASDAQ 100 went sideways during most of the session on Tuesday, dancing around the 6500 level. It looks as if we are going to break above there again though, perhaps reaching above the 6700 level, and then reach towards the 7000 level after that. The 7000 level of course is significant psychologically, and a break above there would be very bullish. At that point, the market should continue to go much higher, perhaps offering a “buy-and-hold” scenario.

I believe that the 6200 level underneath is the “floor” in the market, and if we can stay above there we should be okay. Otherwise, this is a market that should continue to be noisy and perhaps dangerous. The NASDAQ 100 could be a bit of a laggard when it comes to the other US indices but in the end should follow the others.