SP500 and NASDAQ100 Forecast March 28, 2016 The S&P 500 fell on Thursday, but bouncing off the 2020 handle. However, on Friday we had the Good Friday holiday so of course there was no trading. This is a market that looks like it is ready to continue going higher so we can break above the top the hammer for the Thursday session, I feel comfortable going ahead and buying the S&P 500 as you should then go to the 2060 handle, if not the 2100 handle eventually. Given enough time, I think that we will probably even break above there, especially considering that the Federal Reserve has walked away from a couple of their interest-rate hikes during the course of the year. At this point in time, I believe that the 2000 level below is the “floor” in this marketplace.
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