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Major US Indices, Forecast for The Week of February 27, 2017, Technical Analysis

By:
Christopher Lewis
Published: Feb 26, 2017, 08:28 UTC

The S&P 500 tried to rally during the week, and did in fact keep some of the gains. However, looks as if we are starting to struggle

US Indices Forecast

NASDAQ 100

The NASDAQ 100 tried to rally during the week but as you can see we turned around to form a shooting star. This is an extraordinarily overbought market so I think a pullback is coming… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 looked a little more healthier by the end of the week, but having said that it’s not is overbought. I think that the Dow Jones 30 will continue to go higher, so I think a pullback that show signs of support is a nice buying opportunity… Read More Dow Jones 30 Forecast

S&P 500

The S&P 500 tried to rally during the week, and did in fact keep some of the gains. However, looks as if we are starting to struggle a little bit with momentum, so I feel that the market should pull back giving us an opportunity to pick up value in this market. The 2300 level underneath continues to be the “floor” as far as I can see… Read More S&P 500 Forecast

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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