Major US Indices Forecast, September 28, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 bounced off of the 4800 level, showing signs of positivity during the course of the session on Tuesday. While the S&P 500 looks a little lackluster, the NASDAQ 100 continues to show real strength at this point in time and as a result I think it will continue to be one of the better performers that we follow…Read more

Dow Jones 30

The Dow Jones 30 had a back-and-forth type of session on Tuesday, testing the 18,200 level. A break above there would be a bullish sign, as the market should then reach towards the 18,400 level. A break above there is a very bullish sign as well, reaching towards the 18,600 level above that…Read more

S&P 500

The S&P 500 went back and forth during the course of the session on Tuesday, forming a slightly negative looking shooting star type of candle. Ultimately though, I think there is more than enough support below to keep this market going higher, so I have no interest whatsoever in selling this market…Read more