US Indices Forecast

Major US Indices Forecast, September 11, 2017, Technical Analysis

12 days agoByChristopher Lewis

S&P 500

The S&P 500 initially fell during the session on Friday but turned around to rally. However, we are starting to see the market roll over a little bit near the 2465 handle, and I think that the market is stuck in a bit of consolidated action. I think that the 2450 level underneath is supportive, so I don’t know that we break down below there. Quite frankly, this is a market that just goes back and forth and essentially makes no headway in one direction or the other. Ultimately, this is a market that is probably the realm of short-term traders… Read More

Dow Jones 30

The Dow Jones 30 initially fell on Friday but rallied a bit to reach towards the 21,850 level. Ultimately, the market should continue to be choppy, but I think eventually the buyers will come in. I like buying pullbacks, as the market seems to be well supported below. I think that the market will go looking for the 22,000-level given enough time… Read More

NASDAQ 100

The NASDAQ 100 fell a bit during the course of the session on Friday, reaching towards the 5935 level. I think the 5900-level underneath should be well supported, and more than likely the buyers will come back in. I think these pullbacks offer value, as the NASDAQ 100 has offered a bit of a leader for US indices… Read More

Favorites

SymbolLast PriceChangeChart
EURUSDEUR/USD
1.1953
+0.0016+0.13%
GBPUSDGBP/USD
1.3494
-0.0081-0.6%
XAUUSDGold
1307.4
-8.3700-0.64%
CLCrude Oil
50.355
+0.0450+0.09%
UKXE-Mini FTSE 100
7217.0
+46.500+0.65%
DAXDAX 30
12550.7
-15.250-0.12%

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