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

Dow Jones 30

The Dow Jones 30 has initially tried to go to the 25,300 level, only to roll over again and show signs of exhaustion. By doing so, it looks likely that the market will continue to be very noisy, but we have found a significant amount of support below at the 25,100 level as value hunters returned. Because of this, I think that the Americans get to pick this up and push it to the upside. The 25,000-level underneath is a major floor in the market from what I can see, and I believe that the uptrend is intact if we can stay above that level. Longer-term, I believe we returned to the 25,500 level again.

Dow Jones 30 and NASDAQ Index Video 14.03.18

NASDAQ 100

The NASDAQ 100 initially rallied and reached as high as 7175 before rolling over and falling significantly. However, as the Americans were left alone to their own devices, it appears that the markets are starting to stabilize, and I think it’s only a matter of time before we rally again. I think that the 7000-level underneath will continue to be massive support, and if we can stay above that level, the market can continue to go higher. This is a market that will struggle in general, but I believe that it’s only a matter of time before we reach the highs again, because even with the headwinds that are out there, the reality is that we are in an uptrend, and that has not changed. Granted, it’s going to be very noisy, but I still believe that the upside is the only way you can go.

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