Major US Indices, Forecast for The Week of February 27, 2017, Technical Analysis
NASDAQ 100
The NASDAQ 100 tried to rally during the week but as you can see we turned around to form a shooting star. This is an extraordinarily overbought market so I think a pullback is coming… Read More Nasdaq 100 Forecast
Dow Jones 30
The Dow Jones 30 looked a little more healthier by the end of the week, but having said that it’s not is overbought. I think that the Dow Jones 30 will continue to go higher, so I think a pullback that show signs of support is a nice buying opportunity… Read More Dow Jones 30 Forecast
Your capital is at risk
S&P 500
The S&P 500 tried to rally during the week, and did in fact keep some of the gains. However, looks as if we are starting to struggle a little bit with momentum, so I feel that the market should pull back giving us an opportunity to pick up value in this market. The 2300 level underneath continues to be the “floor” as far as I can see… Read More S&P 500 Forecast