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

By:
Christopher Lewis
Published: Sep 10, 2017, 08:14 UTC

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

US Indices Forecast

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

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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