US Indices Forecast

Major US Indices Forecast, September 26, 2017, Technical Analysis

S&P 500

The S&P 500 initially tried to rally on Monday, but then turned around to fall significantly. We reach down to the 2490 level, an area that has been supportive, and I think that the hourly candles that have been forming just above that level suggest that we are going to continue to find buyers on dips. I like buying the S&P 500, and I believe that we will go looking towards the 2500 level next. If we can clear that level, the market should continue to go much higher, perhaps the 2525 level… Read More

Dow Jones 30

The Dow Jones 30 fell during the session on Monday, breaking below the 22,300 level. The fact that we break down below there was rather negative, but towards the end of the session, we started to see buyers jump in. I believe that the nonsense coming out of North Korea will be overlooked relatively soon, and I think it’s only a matter of time before we rally again. If we can break above the 22,300 level, I believe that the market should continue to go higher and reach towards the 22,400 level… Read More

NASDAQ 100

The NASDAQ 100 really took it on the chin during the Monday session, slicing through the 5900 level. This market has been a bit of a laggard so it’s not a surprise that we fell harder over here. The 5850-level offered a bit of support, and I think that if we turn around and break towards the 5900 level, I would expect to see some type of resistance there. If we can break above 5900, I believe the market goes much higher, perhaps reaching towards the 6000 level. If we break down below the lows of the session, the market will probably go down to the 5800 level… Read More