Major US Indices Forecast, February 27, 2017, Technical Analysis

S&P 500

The S&P 500 fell initially during the day on Friday but turned around as we continue to find buyers every time this market dips. The S&P 500 should continue to go higher over the longer term and I believe there’s an absolute floor at 2300. The 2340 level also offer support, so I think short-term pullbacks are only get to be looked at as value… Read More S&P 500 Forecast

NASDAQ 100

The NASDAQ 100 pulled back during the day on Friday, but found enough buyers to turn things around to form a nice-looking hammer. However, the weekly candle is a shooting star so I think we could see a continuation of the negativity and the short-term… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 fell initially during the day on Friday, but turned around to form a hammer. If we can break above the top of the hammer it looks like we will continue to go higher. On the other hand, if we break down from here, I think that the market will find more support at the 20,600 level as well… Read More Dow Jones 30 Forecast