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Major US Indices Forecast, January 18, 2017, Technical Analysis

By:
Christopher Lewis
Published: Jan 18, 2017, 08:31 UTC

S&P 500 The S&P 500 initially fell during the day on Tuesday, turning around to form a hammer. The hammer of course is a bullish sign, and if we

US Indices Forecast

S&P 500

The S&P 500 initially fell during the day on Tuesday, turning around to form a hammer. The hammer of course is a bullish sign, and if we can break out to refresh, new high, the market should continue to go higher. This is a longer-term uptrend, and thus it’s only a matter time before the buyers take over… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 fell slightly during the session on Tuesday, but found enough support at the 19,800 level. When it up forming a hammer, which suggests that the buyers are ready to continue to press and try to break out above the 20,000 handle. Once we get above there, the market should continue to a much higher, as the longer-term trend continues to show quite a bit of bullish pressure… Read More Dow Jones 30 Forecast

NASDAQ 100

The NASDAQ 100 fell slightly during the session on Tuesday, but found enough support below to turn things around and form a slightly supportive candle. I believe that the market continues to go higher, and the 5000-level underneath should be a bit of a “floor” in this market, as we continue to see the longer-term uptrend… Read More Nasdaq 100 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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