Major US Indices Forecast, February 21, 2017, Technical Analysis

S&P 500

The S&P 500 CFD markets rallied a bit during the day on Monday, but the underlying of course were close. I believe that pullbacks continue to be buying opportunities, and that the 2300 level underneath is the absolute floor. I have no interest whatsoever in shorting US indices right now and look at every pullback as a potential value play… Read More S&P 500 Forecast

NASDAQ 100

The NASDAQ 100 CFD markets rallied a bit during Monday, but the underlying of course was closed. This is a market that is massively bullish, and a pullback should only offer value in a market that is obviously bullish. The 5172 level continues to be the floor in the market, and it’s only a matter of time before the markets continue the move towards the 5500 level… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 CFD rallied a bit during the day on Monday breaking above the top of the hammer from the Friday and Thursday sessions, and I believe that the market should continue to see buyers every time it pulls back. The absolute floor in this market is 20,000 below, and I have no interest in selling… Read More Dow Jones 30 Forecast