S&P 500 and NASDAQ 100 Forecast June 21, 2017

The S&P 500 fell slightly during the course of the session on Tuesday, as the 2450 level looks to be resistant. Because of this, I believe that a pullback should be a buying opportunity, and that the market is simply trying to build up enough momentum to finally break out to the upside. If we can break above the 2450 handle, the market should then go looking for the 2500 level. Earnings season was much better, and with this being the case I think that the buyers will return. This pullback represents value that people should be looking to take advantage of longer term, and I believe that the 2500 level will be targeted over the next several weeks. Selling isn’t even a thought as we continue to see a lot in the way of bullish pressure. for more analysis: http://www.dailyforex.com