Dow Jones 30 and NASDAQ 100 Price Forecast March 2, 2018, Technical Analysis

Dow Jones 30

The Dow Jones 30 went back and forth during the trading session on Thursday, hovering around the 25,000 level. I think if we can break above 25,200, the market will continue to go much higher, and it would continue the overall uptrend. The 24,600-level underneath should be supportive, so even if we break down a little bit from here, I anticipate that buyers could be involved to pick the market up, and perhaps continue the uptrend there as well. A breakdown below there sends the market down to the 24,000 level, an area that will attract a lot of people from a psychological standpoint.

NASDAQ 100

The NASDAQ 100 initially went sideways during the day but found the 6900 level to be far too resistant to break above. I think the market may continue to drift a little bit lower, but I look at both the 6800 level and the 6700 level after that as supportive. I think that the 6700 level should offer massive support and would be an excellent opportunity to pick up value. If we can break down below the 6700 level, then I think you go looking towards the 6500 level. That is the bottom of the uptrend as far as I can see, so if we were to break down below the 6500 level, the market will fall apart and continue to drop. Otherwise, I’m looking at these pullbacks as value just waiting to happen. I suspect that a lot of other people will be as well.

Dow Jones 30 and NASDAQ Index Video 02.03.18