Major US Indices Forecast, December 21, 2016, Technical Analysis

S&P 500

The S&P 500 tried to rally during the day on Tuesday, but found the market to be a little bit resistive. A pullback from here should be a buying opportunity, but we could be very volatile for the next several sessions as we are getting close to the holiday season… Read More S&P 500 Forecast

NASDAQ 100

The NASDAQ 100 rallied on Tuesday, testing the resistance yet again. Because of this, I think that eventually we will break out but we may have to break above the 5000 level in order to see any real momentum pick up. I also believe that the market might be a bit hesitant to do it had of the holidays, so we could get several pullbacks in the short-term… Read More Nasdaq 100 Forecast

Dow Jones 30

The Dow Jones 30 initially trying to rally on Tuesday, but struggled break above the 20,000 handle. Because of this, I think we may need to pull back several times in order to build up enough momentum to go higher. Once we close above the 20,000 level on a daily close, the market should continue to go much higher… Read More Dow Jones 30 Forecast