Major US Indices Forecast, December 5, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 fell slightly during the day on Friday, but found enough support at the 4700 level to turn around and form a slightly positive looking hammer. A break above the top of the hammer should send the market looking for the 4800 level… Read More Nasdaq 100 Forecast

S&P 500

The S&P 500 had a back-and-forth type of session on Friday after the jobs number. This isn’t much of a surprise though, so having said that it’s also not surprising that we ended up forming a supportive candle after falling. The 2180 level below continues to offer support, and because of this I think that we are going to bounce… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 initially fell on Friday but turned around to form a supportive looking candle. I think that the 19,000 level below there is even more supportive, so with this it is only a matter of time before the buyers return as far as I can see… Read More Dow Jones 30 Forecast