Major US Indices Forecast, December 22, 2016, Technical Analysis

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Updated: Dec 22, 2016, 08:31 GMT+00:00

Dow Jones 30 The Dow Jones 30 did almost nothing on Wednesday, as the 20,000 psychological resistance continues to be stringent. I think that a break

Dow Jones 30

The Dow Jones 30 did almost nothing on Wednesday, as the 20,000 psychological resistance continues to be stringent. I think that a break above there of course sends this market much higher, and I also believe that it will happen sooner rather than later… Read More Dow Jones 30 Forecast

S&P 500

The S&P 500 fell slightly during the day on Wednesday, as the 2250 level below continues to support the market. I still believe that we go higher given enough time, but short-term pullbacks may continue to be a factor in this market. With the holidays coming, the volume will of course dry up, but longer-term this is obviously a bullish market… Read More S&P 500 Forecast

NASDAQ 100

The NASDAQ 100 fell slightly during the day on Wednesday, but I think there is still more than enough support at the 4900 level to continue to push the market to the upside. I have a longer-term target of 5000, but we will not be seen not until after the New Year’s Day celebrations… Read More Nasdaq 100 Forecast

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About the Author

Christopher Lewisauthor

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.