Major US Indices Forecast, April 25, 2017, Technical Analysis

S&P 500

The S&P 500 gapped higher on Monday, reaching towards the 2400 level but turned around to form a shooting star. I believe there is plenty of support underneath though, so I’m looking for support of candles on pullbacks to take advantage of what I think is a very bullish market anyway… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 gapped higher at the open on Monday, but found a bit of resistance. Ultimately, the market will more than likely pull back to find support, and then continue to go higher. Earnings season will continue to cause volatility, so it won’t necessarily be a straight line to the upside. I am a buyer and not a seller… Read More Dow Jones 30 Forecast

NASDAQ 100

The NASDAQ 100 gapped to the upside as well, reaching the 5500 level. That is an area that I think is going to cause a little bit of psychological resistance, so pullback makes a lot of sense. However, I believe that the pullback should offer a buying opportunity at lower levels, as we continue to see a nice uptrend in this market… Read More Nasdaq 100 Forecast