Major US Indices, Forecast for The Week of December 19, 2016, Technical Analysis
Nasdaq 100
The Nasdaq 100 went back and forth over the course of the last week, as we continue to bang around the 4900 level. This is a very exhausted looking market at the moment, but quite frankly I think the only direction we can go over the longer term is going to be higher… Read More Nasdaq 100 Weekly Forecast
S&P 500
The S&P 500 went back and forth during the week, testing the 2250 level for support. This is a market that shows a little bit of exhaustion now, so we could get a bit of a pullback. Even if we break down below the 2250 handle, I feel it’s only a matter of time before buyers get involved… Read More S&P 500 Weekly Forecast
Dow Jones 30
The Dow Jones 30 went back and forth during the week, forming a bit of a neutral candle. This is a market that is overextended by just about any measure you use, so I think a pullback is coming… Read More Dow Jones 30 Weekly Forecast
