NASDAQ 100 and Dow Jones 30 Forecast February 28, 2017, Technical Analysis

NASDAQ 100

The NASDAQ 100 was quiet on Monday, but quite frankly that’s not a surprise as there has been so much bullish pressure as of late, and I believe that the market should continue to see buyers get involved. The hammer on Friday suggests that we still have plenty of bullish pressure underneath, so having said that I think that we will continue to reach to much higher levels, perhaps even 5500.

NASDAQ100 and Dow Jones 30 Video 28.2.17

Watch our NASDAQ 100 and Dow Jones 30 Video Forecast:

Dow Jones 30

The Dow Jones 30 rallied just a bit, but ultimately, I think that the market will find buyers every time you pull back, as the 50-day exponential moving average continues to offer support, and of course I think the absolute “floor” is at the 20,000 handle. Pullbacks should continue to offer value, and I believe that we will continue to go higher over the longer term as US industrial should continue to prosper.