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

S&P 500

The S&P 500 had a negative week, as we are a bit overextended. However, we started to bounce towards the second half of the week, so I believe it’s only a matter of time before the buyers return every time we dip. The 2300 level below should be massively supportive, so that I think that the buyers will continue to run this market… Read More S&P 500 Weekly Forecast

Dow Jones 30

The Dow Jones 30 fell significantly during the week, and it looks as if we are striding to pull back from some of the overextended conditions we find ourselves in. Some type of supportive candle below would be a nice buying opportunity, and we could fall as low as 20,000 and still would look the same to me… Read More Dow Jones 30 Weekly Forecast

NASDAQ 100

The NASDAQ 100 had a very volatile week, but we ended up forming a bit of a hammer. I think currently we are trying to build a bit of momentum, and eventually go higher. A break above the top of the hammer would be very bullish sign, but I believe that there is support all the way down to the 5175 handle… Read More Nasdaq 100 Weekly Forecast