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Dow Jones 30 and NASDAQ 100 Price Forecast August 17, 2017, Technical Analysis

Dow Jones 30

The Dow Jones 30 had a choppy session on Wednesday, but found the 22,000 level to be supportive, especially after the Federal Reserve released its meeting minutes, which seems to show a bit of confusion. Ultimately, the market should continue to go higher, and that being the case I think that we will continue to try to reach higher. The market will probably continue the “buy on the dips” attitude, but in a very tight overall range. I am mildly bullish.

Dow Jones 30 and NASDAQ Index Video 17.8.17

NASDAQ 100

The NASDAQ 100 also fell, but also found support at the important 5900 level. By doing so, looks like it’s going to be more the same, that the NASDAQ 100 is going to be something that people by. Ultimately, I think that we will probably try to make an attempt at the 6000 handle, but as you to take a while to get there. Currently, I believe we are stuck and arrange and that might be the way going through the next several sessions.

NASDAQ 100 daily chart, August 17, 2017
NASDAQ 100 daily chart, August 17, 2017

This article was originally posted on FX Empire

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