Major US Indices Forecast, March 22, 2017, Technical Analysis

S&P 500

The S&P 500 initially tried to rally on Tuesday, but turned around to form a negative candle. The 20-day exponential moving average is just below, and it now looks as if the market is testing that area again, and it is a level that has been very reliable. I believe that the market will find buyers sooner rather than later, and I am bullish of this market in general… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 initially tried to rally on Tuesday, but found enough resistance above to turn the market around. By forming this negative candle, we are testing the 50-day exponential moving average. I believe that this market will continue to be very bullish, so a supportive candle or a bounce has me going long… Read More Dow Jones 30 Forecast

NASDAQ 100

The NASDAQ 100 initially tried to rally during the day on Tuesday, but found enough resistance near the 5440 level to turn things around. I think the given enough time we should see the 20-day exponential moving average, pictured in green, offer dynamic support yet again… Read More Nasdaq 100 Forecast