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

S&P 500

The S&P 500 bounced off the 50-day exponential moving average to form a hammer during midday trading on Wednesday. If we can break above the top of a hammer, that is a classic sign to start going long. The market has been in a very long-term uptrend, and I believe that the market will continue to follow that going forward… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 initially fell during the session on Wednesday, but found enough of bullish pressure underneath to turn things around and form a supportive looking candle. If we can break above the top of the candle for the day, it’s likely that we will go looking for the 21,000 handle… Read More Dow Jones 30 Forecast

NASDAQ 100

The NASDAQ 100 initially fell as well, but found quite a bit of bullish pressure as it started to turn things around and reach towards the 5440 handle. A break above that should send this market towards the 5500 level… Read More Nasdaq 100 Forecast