Major US Indices Forecast, December 13, 2016, Technical Analysis

S&P 500

The S&P 500 initially tried to rally on Monday but then turned around to pull back towards the 2250 level. This is the first area where I would expect to see support, but beyond that I think there are plenty of opportunities to find buying pressure underneath as well… Read More S&P 500 Forecast

Dow Jones 30

The Dow Jones 30 fell slightly on Monday after initially trying to go higher. I think a pullback is necessary in order to find enough buyers below to push this market much higher. Ultimately, I think we go a lot higher than we find ourselves at the moment, but we need to pick up more buying traders along the way… Read More Dow Jones 30 Forecast

NASDAQ 100

The NASDAQ 100 fell on Monday, as the 4900 level continues offer quite a bit of resistance. With this being the case, looks as if we are going to pullback in order to try and break above that level, so I’m looking for supportive action just below… Read More Nasdaq 100 Forecast