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

S&P 500

The S&P 500 rallied during the day on Friday, testing the top of the shooting star from Thursday. I think the market is going to basically consolidate around the 2350 handle, but more than likely the buyers will eventually return. A break above the top of the Thursday candle would be a nice buying opportunity, reaching towards the 2400 level… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 market rallied initially during the session on Friday but found a bit of resistance at the 50-day exponential moving average. The shooting star was preceded by yet another one on Thursday so I think we may pull back a little bit from here… Read More Dow Jones 30 Forecast

NASDAQ 100

The NASDAQ 100 on the other hand found quite a bit of bullish pressure and rose during the day. The NASDAQ 100 has done better than the other indices in America overall during the last several months, and that could be the case here. I believe pullbacks offer buying opportunities, and that we will eventually reach towards the highs again… Read More Nasdaq 100 Forecast