Dow Jones 30 and NASDAQ 100 Price Forecast July 5, 2017, Technical Analysis

Dow Jones 30

The Dow Jones 30 gapped lower at the open in the CFD market on Tuesday, but we continue to grind sideways in general near the 21,500 level. If we can break out to the highs that we had seen the previous session, the market could continue to go much higher, perhaps reaching towards the 22,000 level. I believe the pullbacks offer value, and that the recent earnings season has been relatively strong in the S&P 500, which should continue to have a knock-on effect in the stock markets. I believe that given enough time, the market should continue to go to the 22,500 level after that. The 21,400-level underneath should be supportive, and I think that the market continues to find plenty of reason to go higher as the US economy has been stronger than anticipated.

Dow Jones 30 and NASDAQ Index Video 05.7.17

NASDAQ 100

The NASDAQ 100 gapped lower at the open in the CFD market on Tuesday, and then fell to the 5570 level. We bounced from there to fill the gap, and then turned around to roll over a little bit. It will be a very interesting market to deal with, and if we break down to a fresh, lower level, the market should continue to grind towards the 5500 level. Alternately, if we break out to the upside, the market will probably go to the 5700 level. This is a market that continues to be volatile, as the NASDAQ 100 is struggling due to the selling off technology stocks. Nonetheless, I believe that this market is probably going to continue to underperform the rest of the indices in the United States as technology has certainly fallen apart and should continue to be softer than the S&P 500 and the Dow Jones 30.