There has been a lot of hype around Advanced Micro Devices’ (AMD) entry into the high-end processor market.
September E-mini Dow Jones Industrial Average futures are trading lower shortly after the opening. The main trend is up according to the daily swing chart, however, momentum appears to be ready to shift to the downside. Additionally, it looks as if a potentially bearish secondary lower top is forming. This tends to indicate the selling … Continue reading E-mini Dow Jones Industrial Average (YM) Futures Analysis – August 17, 2017 Forecast
September E-mini NASDAQ-100 Index futures are trading lower. Although the main trend is up, the price action suggests that momentum may be slowing and a secondary lower top may be forming. A trade through 5949.50 will signal a resumption of the uptrend. This could lead to a test of a minor top at 5972.75, followed … Continue reading E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – August 17, 2017 Forecast