NASDAQ 100 and Dow Jones 30 Forecast February 27, 2017, Technical Analysis

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Updated: Feb 25, 2017, 05:41 UTC

NASDAQ 100 The NASDAQ 100 pulled back during the day on Friday, but found enough buyers to turn things around to form a nice-looking hammer. However, the

NASDAQ 100

The NASDAQ 100 pulled back during the day on Friday, but found enough buyers to turn things around to form a nice-looking hammer. However, the weekly candle is a shooting star so I think we could see a continuation of the negativity and the short-term. However, I have no interest in selling I believe that pullbacks offer value.

NASDAQ100 and Dow Jones 30 Video 27.2.17

Watch our NASDAQ 100 and Dow Jones 30 Video Forecast:

Dow Jones 30

The Dow Jones 30 fell initially during the day on Friday, but turned around to form a hammer. If we can break above the top of the hammer it looks like we will continue to go higher. On the other hand, if we break down from here, I think that the market will find more support at the 20,600 level as well. Either way, I have no interest whatsoever in shorting this market.

Dow Jones 30 daily chart, February 27, 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.