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S&P 500 and NASDAQ 100 Forecast June 29, 2017

Written By DailyForex on Wednesday, Jun 28, 2017 | 02:59 PM

 
The Dow Jones 30 rallied significantly during the day on Wednesday, reaching towards the 2440 handle. The 2450 level above should continue to be resistance, so I think that breaking above that level will be a very bullish sign. In the meantime, I suspect that the markets are going to try to do that though, so short-term we should rally. If we do break above that level, then I think we go to the 2500 level which is a large, round, psychologically significant number. Pullbacks continue to be buying opportunities, and I believe that the rally shows just how much bullish pressure there is in the market longer term. for more analysis: http://www.dailyforex.com

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