Major US Indices Forecast, December 19, 2016, Technical Analysis
NASDAQ 100
The NASDAQ 100 fell on Friday as we continue to grind sideways in general. The 4900 level below continues to be massively supportive, as it was previously resistive. At this point, if you that the market can continue to go higher, and with this I am waiting for a bounce off of the 4900 level, or perhaps some type of supportive candle in order to go long… Read More Nasdaq 100 Forecast
S&P 500
The S&P 500 formed a slightly negative candle on Friday, but it appears more than likely we are going to continue to go sideways in general. If we can break down below the 2250 level, the market will more than likely find support somewhere between here and 2200… Read More S&P 500 Forecast
Dow Jones 30
The Dow Jones 30 did almost nothing on Friday, as we continue to hover around the 19,800 level. If we pullback from here, there should be plenty of support underneath, but we could drop a bit to find that support. If we break above the recent high, we should then reach towards the 20,000 handle, but I find it hard to believe that we will break above there with any type of being is… Read More Dow Jones 30 Forecast
