Major US Indices Forecast, December 20, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 had a very positive session on Monday as we continue to bang up against significant resistance. I still feel that we are heading to the 5000 level, but it could be quite a bit of back and forth trading between here and there. Short-term pullback should continue to offer buying opportunities in what has been a very bullish market… Read More NASDAQ 100 Forecast

S&P 500

The S&P 500 had a very quiet session on Monday, as we continue to grind sideways. Don’t be surprised if this market is fairly quiet over the course of the week, we have liquidity issues, especially the closer we get to Christmas. I believe that pullbacks will continue to be buying opportunities, but most of the trading will be done in a very short-term manner… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 did very little on the session for Monday, and as a result it looks as if the Wii will probably have a relatively quiet couple of sessions ahead of the Christmas holiday, but if we did get a bit of a pullback, that should be a nice buying opportunity… Read More Dow Jones 30 Forecast