Dow Jones 30 and NASDAQ 100 Forecast March 27, 2017, Technical Analysis
Dow Jones 30
The Dow Jones 30 market rallied initially during the session on Friday but found a bit of resistance at the 50-day exponential moving average. The shooting star was preceded by yet another one on Thursday so I think we may pull back a little bit from here. Nonetheless, I still believe there’s more than enough support below, and this will be especially true near the 20,000 handle. I’m simply waiting for a supportive candle on the daily timeframe to start going long again.
Dow Jones 30 and NASDAQ Index Video 27.3.17
NASDAQ 100
The NASDAQ 100 on the other hand found quite a bit of bullish pressure and rose during the day. The NASDAQ 100 has done better than the other indices in America overall during the last several months, and that could be the case here. I believe pullbacks offer buying opportunities, and that we will eventually reach towards the highs again.
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