Major US Indices Forecast, November 1, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 bounced off the 4800 level during the day on Wednesday, showing signs of support. By doing so, it looks as if it is relatively strong, but we did get back some of the gains during the day… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 gapped lower at the open on Monday, but turned back around to show signs of support. By doing so, it looks as if the market isn’t ready to go very far now… Read More Dow Jones 30 Forecast

S&P 500

The S&P 500 rallied during the day after initially gapping lower on Monday. We saw the 2120 level below as support, and as a result we rallied to take those losses back. At this point, I would expect quite a bit of buying pressure just underneath so it is likely that we will go higher… Read More S&P 500 Forecast