US Indices Forecast, February 20, 2017

E-mini S&P 500

March E-mini S&P 500 Index futures are trading higher early in the session on Monday. The index remains inside its February 15 range for a third day, indicating investor indecision and impending volatility.

The main trend is up according to the daily swing chart. A trade through 2351.50 will signal a resumption of the uptrend… Read More E-mini S&P 500 Forecast

E-mini NASDAQ-100

March E-mini NASDAQ-100 Index futures are trading higher early in the session on Monday. The market posted another higher high to continue the uptrend. The volume was light on the move and there wasn’t much of a follow-through rally. The move also put the index in a position to post a potentially bearish closing price reversal top. Now that we’ve had the higher-high, all we need is a lower close to form the chart pattern… Read More E-mini NASDAQ-100 Forecast

E-mini Dow Jones

March E-mini Dow Jones Industrial Average futures are trading higher during the pre-market session. Earlier in the session, the market took out the previous high at 20632, only to find resistance at 20646.

Not much for a rally, but it’s early and the volume is thin. Unfortunately, the volume may be light all day because it’s a bank holiday in the U.S. None-the-less, investors have to be prepared for the occasional volatility spike… Read More E-mini Dow Jones Forecast

U.S. Dollar Index

March U.S. Dollar Index futures are trading higher early in the session. The range is tight, however, and the volume is relatively low. It is expected to remain low throughout the session because today is a U.S. bank holiday. However, you should continue to watch for volatility spikes. U.S. Treasury markets are also closed so traders will have nothing to guide their decision process. So if there is any movement today, it will likely be a news driven event… Read More U.S. Dollar Index Forecast