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Major US Indices Forecast, October 11, 2016, Technical Analysis

NASDAQ 100

The NASDAQ 100 broke higher during the course of the day, clearing the 4900 level at one point. Ultimately, I believe that this market does continue to go higher as we have just recently broken above an ascending triangle, and the NASDAQ 100 tends to be one of the strongest indices that I have been following… Read More Nasdaq 100 Forecast

S&P 500

The S&P 500 rally during the day on Monday, breaking above the 2160 handle, and testing the 2170 handle. The 2180 level above there is massively resistive, and if we can break above there it’s likely that we can continue the longer-term uptrend… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 broke out to the upside during the course of the session on Monday, as we clear the top of the symmetrical triangle. I believe that we are going to run into a bit of resistance above, but given enough time pullbacks will continue to be buying opportunities as we grind towards the 18,600 level… Read More Dow Jones 30 Forecast