Major US Indices, Forecast for The Week of May 1, 2017, Technical Analysis

S&P 500

The S&P 500 gapped higher at the open of the week, and then shot towards the 2400 level. However, we turned around to form a less impressive candle, but I believe that any pull back from here will find buyers to continue the longer-term uptrend. I have no interest in shorting the S&P 500, it has been bullish for a very long time… Read More S&P 500 Weekly Forecast

Dow Jones 30

The Dow Jones 30 had a very positive week, but did struggle at the 21,000 level. If we can break above there, the market should continue the longer-term uptrend. Even if we do pull back from here, I think that the 20,500-level underneath offer support… Read More Dow Jones 30 Weekly Forecast

NASDAQ 100

The NASDAQ 100 gapped higher at the open, and then reach towards the 5600 level. The candle of course is very bullish, and I believe that the NASDAQ 100 will continue to offer buying opportunities on pullbacks as we have seen so much in the way of bullish strength… Read More Nasdaq 100 Weekly Forecast