Yahoo Finance Dow Jones 30 and NASDAQ 100 forecast for the week of June 26, 2017, Technical Analysis
Dow Jones 30
The Dow Jones 30 had a volatile week, initially dropping, but then breaking well above the 21,400 level. By the end of the week, we rolled right back over and form a shooting star. I believe that this market continues to go higher, and I believe that the Dow Jones 30 is continuing to enjoy bullish pressure as we go forward. I like pullbacks, as they offer value, and the 21,000-level underneath should be support. The Dow Jones 30 of course favors the upside as there is a significant amount of reason to go higher, as the US economy continues to strengthen and of course the interest rate environment is so low.
Dow Jones 30 and NASDAQ Index Video 26.6.17
NASDAQ 100
The NASDAQ 100 exploded to the upside during the week, bouncing off the 5700 level after the significant selloff that we had seen. The NASDAQ 100 has lead the way for other US stock indices in the past, and it looks as if we’re getting ready to see that yet again. If we can break above 5900, I think then we go to the 6000 level. Pullbacks continue to be buying opportunities, as the explosive move in the technology sector continues. Most of it has been led by biotech stocks over the last week, but at the end of the day, it really doesn’t matter why we are going higher, just that we are. I believe that the NASDAQ 100 continues to be one of the more bullish indices that we follow here at FX Empire.
This article was originally posted on FX Empire
