Dow Jones 30 and NASDAQ 100 Price Forecast July 18, 2017, Technical Analysis

Dow Jones 30

The Dow Jones 30 trying to fall apart during the session on Monday, but continues to find buyers underneath. As it is earnings season, it’s likely that we will see a bit of volatility but most certainly the buyers have been in control for some time. I believe there is a hard “floor” in the market somewhere close to the 21,500 level, so I think pullbacks will be looked at as value. I still believe that we are going to go looking for the 22,000 level above. Because of this, I will continue to buy dips in this market, as they represent quite a bit of value.

Dow Jones 30 and NASDAQ Index Video 18.7.17

NASDAQ 100

The NASDAQ 100 and very little during the session as well, but seems to be running out of steam. I think a pullback is probably coming, perhaps reaching down to the 5800 level. That’s an area that should be supportive as it was previous resistance, and I believe that the markets will be looking to pick up value and what has been one of the leaders in the United States. Ultimately, I believe that the NASDAQ 100 will find plenty of support, so any shorting opportunities that I see, I’m ignoring and waiting for the value to come back into play so I can pick up the NASDAQ 100 “on the cheap.”