Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

S&P 500, NASDAQ And Dow Jones Forecast

By Jason SenStock MarketsSep 03, 2021 04:43AM ET
www.investing.com/analysis/sp-500-nasdaq-and-dow-jones-forecast-200600854
S&P 500, NASDAQ And Dow Jones Forecast
By Jason Sen   |  Sep 03, 2021 04:43AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

E-mini S&P September ranges are narrowing as we wait for the non farm payroll release, ahead of the Labor day holiday. The trend definitely remains positive of course. A new all time high at the next target of 4540/45. We topped exactly here so far this week. Same levels apply for today.

NASDAQ hit the next target of 15520/540 and then 15670/680. A new all time high just above at 15699. We are severely overbought but shorts are too risky with no sell signal in the strong bull trend.

E-mini Dow Jones September longs at first support at 35260/210 worked perfectly with a 250 tick bounce so far this morning.

Today’s Analysis

E-mini S&P hit the next targets of 4497/4500, 4415/20 and 4540/45 already this week. Now we look for 4560, perhaps as far as 4585/90.

No sell signal despite overbought conditions. This has been the case for years!! Downside is expected to be limited with first support at 4515/05. (We bottomed exactly here again yesterday). Better support at 4475/65. Longs need stops below 4455.

NASDAQ hit the next target of 15520/540 and 15670/680 as we look for 15800/830. Downside is expected to be limited with no sell signal yet. Support at 15540/520 (we bounced just 11 ticks above here yesterday) and again at 15480/460. Longs need stops below 15400.

E-mini Dow Jones September bottomed exactly at first support at 35260/210 with a bounce through minor resistance at last week’s high of 34420/445 before a retest the all time high at 35500/550. A break higher (likely eventually) is a buy signal initially targeting 35700/750 then 35870/880.

Emini S&P 500 Chart
Emini S&P 500 Chart

Disclaimer: First support again at 35260/210. Longs need stops below 35160. A break lower targets 35110, perhaps as far as strong support at 35050/35000. Longs need stops below 34950. No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

S&P 500, NASDAQ And Dow Jones Forecast
 

Related Articles

S&P 500, NASDAQ And Dow Jones Forecast

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Thomas Kenndy
Thomas Kenndy Sep 05, 2021 8:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
good that grateful
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email