US Indices Forecast, February 27, 2017

E-mini S&P 500

March E-mini S&P 500 Index futures are trading lower after posting a new record high earlier in the session. This puts the index in a position to post a closing price reversal top. It may not be a sign that the market is getting ready to roll over to the downside, but it could mean that investors are squaring positions ahead of President Trump’s speech on Tuesday night… Read More E-mini S&P 500 Forecast

E-mini Dow Jones

March E-mini Dow Jones Industrial Average futures are called lower shortly before the cash market opening. Earlier today, the market reached a record high before turning lower. The new high was only made by only 8 points before the market turned lower, suggesting the move was fueled by buy stops rather than fresh buying.

A lower close today will form a potentially bearish closing price reversal top so investors should pay attention to how investors react to Friday’s close at 20787 throughout the day… Read More E-mini Dow Jones Forecast

E-mini NASDAQ-100

March E-mini NASDAQ-100 Index futures are trading lower shortly before the cash market opening. The index is diverging from the S&P 500 and the Dow. This could be a sign that investors are preparing for a near-term correction.

The main trend is up according to the daily swing chart. However, momentum is starting to turn to the down side with the formation of the closing price reversal top at 5361.25 on February 23… Read More E-mini NASDAQ-100 Forecast