US Major Indices Forecast

Major US Indices Forecast, October 18, 2016, Technical Analysis


The NASDAQ 100 initially fell during the course of the session on Monday, but turned right back around to show signs of support yet again. It appears that there is a 4800 level that the market is paying attention to, and if we can break above this area here, I don’t see any reason why we won’t reach to the 4900 level after a while… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 fell slightly during the course of the day on Monday, as the 18000 level below continues offer quite a bit of support. I believe it’s only a matter time before we get a supportive candle and more importantly a bounce that we can take advantage of in order to continue the longer-term trend to the upside… Read More Dow Jones 30 Forecast

S&P 500

The S&P 500 initially fell during the course of the session on Monday, but found enough support to turn things back around and form a bit of a hammer. This is a market that seems to have plenty of support near the 2120 handle, so given enough time I feel that we will reach higher, and a move above the 2140 level should send this market reaching all the way to the 2170 handle… Read More S&P 500 Forecast

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