NASDAQ 100 and Dow Jones 30 Forecast February 21, 2017, Technical Analysis

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Updated: Feb 21, 2017, 05:22 GMT+00:00

NASDAQ 100 The NASDAQ 100 CFD markets rallied a bit during Monday, but the underlying of course was closed. This is a market that is massively bullish,

NASDAQ 100

The NASDAQ 100 CFD markets rallied a bit during Monday, but the underlying of course was closed. This is a market that is massively bullish, and a pullback should only offer value in a market that is obviously bullish. The 5172 level continues to be the floor in the market, and it’s only a matter of time before the markets continue the move towards the 5500 level. By the dips is what I’m doing.

Watch our NASDAQ 100 and Dow Jones 30 Video Forecast:

Dow Jones 30

The Dow Jones 30 CFD rallied a bit during the day on Monday breaking above the top of the hammer from the Friday and Thursday sessions, and I believe that the market should continue to see buyers every time it pulls back. The absolute floor in this market is 20,000 below, and I have no interest in selling.

Dow Jones 30 daily chart, February 21, 2017

About the Author

Christopher Lewisauthor

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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