Dow Jones 30 and NASDAQ 100 Price Forecast September 28

Dow Jones 30

The Dow Jones 30 had a choppy session on Wednesday, as we continue to dance around the 22,300 level. I think that the market is trying to find a base here though, and it’s only a matter of time before we break out to the upside. Once we do, the market should then go to the 22,400 level. Move above there is a fresh, new high just waiting to happen as we would then go looking towards 22,500 after that. I believe the pullbacks are buying opportunities, and I believe that the Dow Jones 30 is going to continue to benefit from a sector rotation that is currently going on. If we break down below the 22,200 level, that would be negative but I don’t think it’s going to happen anytime soon.

Dow Jones 30 and NASDAQ Index Video 28.9.17

NASDAQ 100

The NASDAQ 100 broke above the 5900 level again, and that of course is a bullish sign. In fact, we have wiped out the massive selloff from a couple of sessions ago, and now look ready to go much higher. I believe that buying pullbacks will be the way going forward, and that the 5900 level now should offer a significant amount of support. Longer-term, I believe that we target the 6000 level again, which has been massively resistive. Someday, perhaps soon, we will see the market breaking above the 6000 level and continuing the longer-term uptrend that we have been in for some time. The NASDAQ 100 has been a laggard, but the death of tech stocks has been greatly exaggerated. We have seen quite a bit of bullish pressure over the last couple of sessions, and it appears that the NASDAQ 100 is ready to fall a right along with the rest of the US stock markets, going higher.