US Indices Forecast, March 9, 2017

E-mini S&P 500

June E-mini S&P 500 Index futures are trading flat to slightly lower shortly before the cash market opening. Traders are rolling over from the March contract into the June futures contract and also positioning themselves ahead of Friday’s U.S. Non-Farm Payrolls report… Read More E-mini S&P 500 Forecast

E-mini Dow Jones

June E-mini Dow Jones Industrial Average futures are called flat shortly ahead of the cash market opening. Volume and volatility could be light today as investors prepare for Friday’s U.S. Non-Farm Payrolls report and next week’s U.S. Federal Reserve monetary policy meeting… Read More E-mini Dow Jones Forecast

E-mini NASDAQ-100

June E-mini NASDAQ-100 Index futures are trading slightly lower shortly before the cash market opening.

The main trend is up according to the daily swing chart. A trade through 5401.00 will signal a resumption of the uptrend. A move through 5299.25 will turn the main trend to down.

The short-term range is 5299.25 to 5401.00. Its retracement zone at 5350.00 to 5338.10 is support… Read More E-mini NASDAQ-100 Forecast

U.S. Dollar Index

March U.S. Dollar Index futures are trading slightly better shortly before the regular session opening. The volume is light and volatility is low as investors prepare for Friday’s U.S. Non-Farm Payrolls report.

The headline number is expected to be strong based on yesterday’s ADP Private Sector report which blew away the estimates. The Unemployment rate is not expected to be too much of a factor, which means the Fed will likely be looking at Average Hourly Earnings to be the final determinant of the rate hike next week… Read More U.S. Dollar Index Forecast