US Indices Forecast, March 23, 2017

E-mini S&P 500

June E-mini S&P 500 Index futures are trading higher shortly before the cash market opening. The index is being supported by reports that the White House may have bowed to pressure and may be willing to offer a few concessions to those who oppose the Republican Healthcare package.

Stocks should rally if the new healthcare bill is passed into law. If the vote fails then look for further downside pressure… Read More E-mini S&P 500 Forecast

E-mini Dow Jones

June E-mini Dow Jones Industrial Average futures are expected to open lower on Thursday as investors monitored key reports, a speech by Fed Chair Janet Yellen and a major vote in the U.S. House of Representatives.

Earlier today, weekly initial jobless claims rose 15,000 to 258,000, above the expected 240,000. A report on new home sales is scheduled for 1400 GMT. Fed Chair Janet Yellen gave a speech but did not comment on monetary policy… Read More E-mini Dow Jones Forecast

E-mini NASDAQ-100

June E-mini NASDAQ-100 Index futures are trading lower as investors digest fresh economic data while waiting for a key vote on U.S. healthcare later today. Earlier today, Fed Chair Janet Yellen gave a speech, but did not talk about monetary policy.

The main trend is up according to the daily swing chart. However, momentum shifted to the downside earlier in the week. This week’s closing price reversal top has put a lid on the rally and yesterday’s closing price reversal bottom seems to have put a temporary halt to the downside pressure… Read More E-mini NASDAQ-100 Forecast