Major US Indices Forecast, April 24, 2017, Technical Analysis

S&P 500

The S&P 500 fell slightly during the day on Friday, but not enough to have me concerned. I believe that we continue to consolidate overall in the weekly chart of course shows a bullish flag. Because of this, I believe it’s only a matter of time before the buyers return, and I am bullish on dips… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 fell slightly on Friday, but quite frankly it was a very quiet session. When I look at this chart, I recognize that we have been pulling back slightly during the course of earnings season, and I think we will continue to see the market go back and forth in a choppy manner, before buying dips going forward. I am bullish still, and have no interest in shorting… Read More Dow Jones 30 Forecast

NASDAQ 100

The NASDAQ 100 did very little on Friday as well, as we are near the highs again. I believe that the market will reach towards the 5500 level, which should have a certain amount of psychological resistance. I believe the pullbacks will continue to be buying opportunities, the market has been bullish, and should continue to be so as the NASDAQ 100 has been the leader of US indices… Read More Nasdaq 100 Forecast