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

By:

Updated: Feb 21, 2017, 05:22 UTC

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

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.