Dow Jones 30 and NASDAQ 100 Price Forecast September 1, 2017, Technical Analysis

Dow Jones 30

The Dow Jones 30 continues to grind higher, reaching towards the 22,000 level but finding significant resistance in that area. Today will be vital, as the jobs figure comes out and will give us some idea as to what the Federal Reserve will be paying attention to as far as employment is concerned. Because of this, I suspect that today will be rather volatile, but more likely than not, buyers will come back into the marketplace on the debt. On a break above the 22,000 level, it probably becomes a “buy-and-hold” market.

Dow Jones 30 and NASDAQ Index Video 01.9.17

NASDAQ 100

The NASDAQ 100 went sideways during most of the session, but the Americans pushed higher, reaching towards the 5980 handle. The vital 6000 level is just above, and I think that it is likely we will continue to see volatility. If we can break above the 6000 level, the market could go much higher, perhaps reaching to 6100. On a pullback, I think that the buyers will probably return if we can stay above the 5900 level.