Major US Indices Forecast, December 21, 2016, Technical Analysis

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Published: Dec 21, 2016, 08:13 UTC

S&P 500 The S&P 500 tried to rally during the day on Tuesday, but found the market to be a little bit resistive. A pullback from here should be a

S&P 500

The S&P 500 tried to rally during the day on Tuesday, but found the market to be a little bit resistive. A pullback from here should be a buying opportunity, but we could be very volatile for the next several sessions as we are getting close to the holiday season… Read More S&P 500 Forecast

NASDAQ 100

The NASDAQ 100 rallied on Tuesday, testing the resistance yet again. Because of this, I think that eventually we will break out but we may have to break above the 5000 level in order to see any real momentum pick up. I also believe that the market might be a bit hesitant to do it had of the holidays, so we could get several pullbacks in the short-term… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 initially trying to rally on Tuesday, but struggled break above the 20,000 handle. Because of this, I think we may need to pull back several times in order to build up enough momentum to go higher. Once we close above the 20,000 level on a daily close, the market should continue to go much higher… Read More Dow Jones 30 Forecast

About the Author

Christopher Lewisauthor

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.