Major US Indices Forecast, January 11, 2017, Technical Analysis
S&P 500
The S&P 500 rallied on Tuesday, showing signs of life yet again. As I had suggested yesterday, I thought there was support just below there and it looks as if we’re going to continue to go higher. I’m a buyer, and I believe that we will reach towards 2300, as the NASDAQ 100 has already broken out to a fresh, new high… Read More S&P 500 Forecast
NASDAQ 100
The NASDAQ 100 continues to show strength, as the Tuesday session led to yet another high. In fact, we broke above the top of the shooting star for money, so it suggests to me that buyers are going to continue to push much higher. I believe that the 5000 level is now the “floor” in the market, and that pullbacks should continue to be supported… Read More Nasdaq 100 Forecast
Dow Jones 30
The Dow Jones 30 initially fell on Tuesday but turned around as markets regained their footing. It looks as if we’re going to test 20,000 again, but we are close enough that I would prefer to wait until we close above the 20,000 level to start buying. I would use the daily candle for that signal, and simply buy-and-hold at this point… Read More Dow Jones 30 Forecast
