Major US Indices, Forecast for The Week of December 5, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 initially tried to rally during the week, but found the 4900 level to be a bit too resistive. This is an area where we have seen a lot of selling pressure anyway, so pullback from here wasn’t a big surprise. What was surprising is how find when it was… Read More Nasdaq 100 Weekly Forecast

S&P 500

The S&P 500 fell during the course of the week, reaching down towards the 2180 handle. However, on Friday we did see a bit of a bounce and as a result it looks like we are going to continue the uptrend after all… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 initially fell during the week, but found enough support above the 19,000 level to turn things around. Ultimately, a pullback from time to time is good in a strong uptrend like we have, and I believe that the Dow Jones 30 will eventually reach towards the 20,000 handle… Read More Dow Jones 30 Forecast