Major US Indices Forecast, December 14, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 broke out to the upside and reached to much higher levels. Now that we are above the 4900 level, looks as if the NASDAQ 100 can go to the 5000 level now. With enough time, I believe we can break above there but I would expect quite a bit of resistance… Read More Nasdaq 100 Forecast

S&P 500

The S&P 500 rallied during the day is all US indices did, showing the 2250 level to be supportive. It looks as if we are going to continue to go much higher, and pullbacks should continue to offer value. I believe that pullbacks will be opportunities to go long again and again, as we reach towards the 2300 handle, and perhaps even higher than that given enough time… Read more S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 rallied during the day on Tuesday, as all US indices did. It now looks as if it’s a foregone conclusion that we will finally reach my target of 20,000 in this market. I think pullbacks continue to offer value, and the Dow Jones 30 of course will be heavily influenced by the idea of the infrastructure in the United States being rebuilt… Read More Dow Jones 30 Forecast