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Major US Indices Forecast, December 8, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Dec 11, 2016, 13:05 UTC

NASDAQ 100 The NASDAQ 100 initially fell on Wednesday but found enough buyers underneath to turn things around and break above the 4800 level. As I have

Major US Indices Forecast, December 8

NASDAQ 100

The NASDAQ 100 initially fell on Wednesday but found enough buyers underneath to turn things around and break above the 4800 level. As I have been saying, move above that level should send this market looking for the 4900 level above. That is the top of the recent consolidation area and as a result I feel that it’s only matter time before reach there… Read More Nasdaq 100 Forecast

S&P 500

The S&P 500 broke out during the day on Wednesday, as we have now broken above the 2225 level. This is an area that is very bullish, and it appears that we are going to continue to go even higher… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 broke out to the upside on Wednesday, absolutely smashing through various forms of resistance. I believe that every time we pullback we will find buyers, and I believe more than ever that we should reach towards the 20,000 handle… Read More Dow Jones 30 Forecast

About the Author

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.

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