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NASDAQ 100 and Dow Jones 30 forecast for the week of February 27, 2017, Technical Analysis
Updated: Feb 25, 2017, 05:46 GMT+00:00
NASDAQ 100 The NASDAQ 100 tried to rally during the week but as you can see we turned around to form a shooting star. This is an extraordinarily
NASDAQ 100
The NASDAQ 100 tried to rally during the week but as you can see we turned around to form a shooting star. This is an extraordinarily overbought market so I think a pullback is coming. I would love to see this market pull back to somewhere near the 5175 handle to take advantage of value, but I certainly have no interest in selling as we are so strong.
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 looked a little more healthier by the end of the week, but having said that it’s not is overbought. I think that the Dow Jones 30 will continue to go higher, so I think a pullback that show signs of support is a nice buying opportunity. I believe that the 20,000 level underneath is the floor.
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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