Dow Jones 30 and NASDAQ 100 Price Forecast September 12, 2017, Technical Analysis

Dow Jones 30

The Dow Jones 30 gapped higher at the open on Monday, and never looked back. In fact, we have sliced through the psychologically important 22,000 level, and it looks likely that we will continue to go even higher. I have no interest in shorting this market, I believe the pullbacks will offer value, as the US stock markets are so obviously bullish. As a general “risk on” rally overall, and we see that throughout the trading world.

Dow Jones 30 and NASDAQ Index Video 12.9.17

NASDAQ 100

The NASDAQ 100 also gapped higher, breaking above the 5975 level. It looks as if we will attempt the 6000 handle again, and a break above there should send in even more money. I have no interest whatsoever in shorting this market and look at pullbacks as buying opportunities.