Major US Indices Forecast, September 5, 2017, Technical Analysis

S&P 500

After shrugging off another geopolitical event early Monday, September E-mini S&P 500 Index futures are sitting just under its all-time high. Other than the tensions caused by North Korea, investors don’t seem to be worried about too much. This is probably why the volatility index has returned to near historically low levels.

Helping to support the market is slow and steady economic growth and low inflation. The possibility the Fed won’t raise rates until mid-2018 is also seen as a bullish factor… Read More

Dow Jones Industrial Average

September E-mini Dow Jones Industrial Average futures finished last week higher, putting the market in a position to challenge the all-time high. The market was supported by good, but not great U.S. economic data, low inflation and a forecast that showed the Fed may not raise interest rates until at least mid-2018.

The longer-term fundamentals are supportive for the bull market. Short-term, investors are going to have to be prepared for geopolitical risk from North Korea… Read More

NASDAQ 100 Index

Despite geopolitical concerns last week and at the start of this week, September E-mini NASDAQ-100 Index futures remain in a position to post new all-time highs.

The index seems to have overcome the sideways-to-lower trading action that had been taking place since June. This could be because investors have finally become convinced that the Fed won’t be raising interest rates until at least mid-2018… Read More