Dow Jones 30 and NASDAQ 100 Price Forecast August 24, 2017, Technical Analysis

Dow Jones 30

The Dow Jones 30 pulled back a bit during the session on Wednesday, looking towards the 21,800 level for support. We bounced enough to show signs of resiliency though, and it looks like the buyers are returning later in the US session. Ultimately, I believe that the market should continue to find buyers on the dips. The 22,000 level above should be resistance, and I think we’re going to bang around over the next couple of sessions. The market is very thin at the moment, because a lot of the major traders are away at vacation. However, it looks as if resiliency will continue to be a main theme.

Dow Jones 30 and NASDAQ Index Video 24.8.17

NASDAQ 100

The NASDAQ 100 fell a bit as well, but is starting to find signs of life again near the 5840 handle. I think that the market should then go towards the 5900 level. The uptrend line on the weekly chart has held so far, so I think that there will be longer-term buyers interested in the NASDAQ 100. Most of the performing stocks in the United States right now are part of the NASDAQ 100, so that should continue to be the case going forward, that there will be buyers of dips when they appear.