Dow Jones 30 and NASDAQ 100 Price Forecast January 25, 2018, Technical Analysis

Dow Jones 30

The Dow Jones 30 initially rally during the trading session on Wednesday, reaching towards the 26,400 level before finding resistance. We pulled back but found enough support at the 26,200 region to find buyers and we then turned around after the Americans took over the market. I believe that the market should continue to go higher, reaching towards the 26,400 level, and then beyond. I like this market, and I believe that we will continue to see people looking for value, and of course looking to put money to work.

Dow Jones 30 and NASDAQ Index Video 25.01.18

NASDAQ 100

The NASDAQ 100 initially drifted higher as well, reaching towards the vital 7000 handle. That’s an area that will be important due to the large, round, psychological nature of the number. We pulled back a bit, reaching down to the 6875 handle. The market should continue to find buyers underneath, so therefore I think it’s only a matter of time before I reach towards the 7000 handle, perhaps even breaking above there. I like buying these dips, they give us an opportunity to pick up value in a market that should lead the way for the rest of the American indices. Once we break the 7000 handle, the market should go much higher, which is exactly what I expect to see over the next several weeks. Selling isn’t a thought.