Dow Jones 30 and NASDAQ 100 Price forecast for the week of March 12, 2018, Technical Analysis

Dow Jones 30

The Dow Jones 30 initially fell during the week but then the rallied significantly, especially on Friday as the jobs number in America came out at 313,000. As a very bullish number, and it looks as if the Dow Jones 30 has a bit of catching up to do with the NASDAQ 100 which has shown such a bullish proclivity. I believe that the market will continue to find buyers on dips, as we continue to see plenty of value hunters out there looking to take advantage of a market that seems to be stabilizing quite drastically.

NASDAQ 100

The NASDAQ 100 initially fell during the week, but then exploded to the upside, breaking above the 7000 handle. By doing so, the market looks as if it is ready to continue going higher, and quite frankly I think that now that we have made a fresh, new high, the NASDAQ 100 should continue to see buyers jump in and take advantage of this bullish pressure.

I like buying dips, and I think it’s only a matter of time before regardless what happens now, I don’t have much interest in shorting this market, and I think that if you are patient enough you should see plenty of opportunities to go long in this market. Market participants continue to jump to the US indices, and I think the NASDAQ 100 is going to continue to be one of the first places they go as it looks to lead the rest of the US stock market higher.

Dow Jones 30 and NASDAQ Index Video 12.03.18