Major US Indices Forecast, February 23, 2017, Technical Analysis

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Published: Feb 23, 2017, 08:23 UTC

The NASDAQ 100 went back and forth during the day on Wednesday, but we are overextended to say the least. The 5350 level is the next psychological barrier

NASDAQ 100

The NASDAQ 100 went back and forth during the day on Wednesday, but we are overextended to say the least. The 5350 level is the next psychological barrier, but even if we break above there I’m waiting for a pull back… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 rally during the day on Wednesday as well, reaching above the 20,750 level. I believe that there is significant support at the 20,600 level, so I would like to see this market pull back and find it… Read More Dow Jones 30 Forecast

S&P 500

The S&P 500 went back and forth on Wednesday as we are starting to run out of strength. However, I think that a pullback only to be a nice buying opportunity on longer-term charts, so patient will be needed to pick up the profits that await in this index… Read More S&P 500 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.