Dow Jones 30 and NASDAQ 100 Forecast July 3, 2017, Technical Analysis

Dow Jones 30

The Dow Jones 30 rallied on Friday, testing the 21,400 level. If we can break above that level, that would be a bullish sign. However, looks as if we are trying to turn things around and fall again. If we break down below the 21,300 level, I would be very concerned. Alternately, a breakout to the upside should send this market looking towards the 21,500 level.

Dow Jones 30 and NASDAQ Index Video 03.7.17

NASDAQ 100

The NASDAQ 100 went sideways during the session on Friday, but then reached towards the 5650 handle. The 5700 level above is massively resistive, and as a result I think that we may continue the breakdown that we have seen. If we break above 5700, then I would be bullish, but until then I think we are going to go much lower.