Major US Indices, Forecast for The Week of January 23, 2017, Technical Analysis

Published: Jan 22, 2017, 09:08 UTC•1min read

Weekly US Indices Forecast

S&P 500 The S&P 500 initially fell during the week, but turned around to form a hammer. A hammer of course is a bullish sign and thus I think that we will eventually continue to go higher. If we can break above the top of a hammer, I think that

S&P 500

The S&P 500 initially fell during the week, but turned around to form a hammer. A hammer of course is a bullish sign and thus I think that we will eventually continue to go higher. If we can break above the top of a hammer, I think that the market will reach towards the 2300 level, and further than that… Read More S&P 500 Forecast

NASDAQ 100

The NASDAQ 100 went back and forth during the week, but most importantly showed support at the 5000 handle. The 5000 handle begins a significant amount of support all the way down to at least the 4900 level, so I have no interest in selling… Read More Nasdaq 100 Forecast

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Dow Jones 30

The Dow Jones 30 initially fell during the week, but found enough support to turn around and formed a hammer. The hammer suggests that we are going to continue to see buyers every time we did, and I think that given enough time we will breakout above the 20,000 level… Read More Dow Jones 30 Forecast

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