US Indices Forecast, March 22, 2017

E-mini S&P 500

June E-mini S&P 500 Index futures are trading lower during the pre-market session. However, the market is rebounding from its earlier low, suggesting investors may be trying to produce a closing price reversal bottom.

The main trend is down according to the daily swing chart. The trend turned down on Tuesday on the trade through 2351.00… Read More E-mini S&P 500 Forecast

E-mini NASDAQ-100

June E-mini NASDAQ-100 Index futures are trading lower, but trying to post a closing price reversal bottom. Buyers may be coming in to defend the trend by protecting the main bottom at 5299.25.

The main trend is up according to the daily swing chart. However, momentum is trending lower with the formation of another closing price reversal top from a record high on Tuesday. A trade through 5299.25 will turn the main trend to down… Read More E-mini NASDAQ-100 Forecast

E-mini Dow Jones

June E-mini Dow Jones Industrial Average futures are trading lower shortly before the cash market opening. There was very little follow-through to the downside early in the session after Tuesday’s steep sell-off.

The main trend is up but momentum is trending lower. If it continues to move lower then the first downside target is the major retracement zone at 20380 to 20209… Read More E-mini Dow Jones Forecast