US market weekly outlook for 9-13 Jan 2017

dow jones index weekly outlook for 9-13 Jan 2017

Dow jones weekly-expect targets 20140 and 20500

DJIA index this week closed with gain. After last week correction and profit booking Dow resumed primary trend and heading higher. In last 9 weeks dow seen 2 negative and 7 positive weekly closing and rallied almost by 2000 points from low which is very significant suggesting underlying demand drive in US Market. On upside my positional target zones are 20140 and then 20500. Above 20500, Dow once gain enter super bullish zone for big upside targets. From long term view, Dow jones is heading for 20950 and 22050.   S&P 500 index weekly outlook for 9-13 Jan 2017

S&P 500 weekly-almost hit target 2285 next is 2325

S&P 500 index this week closed with gain. after last week’s correction and consolidation, buyer are back in market and lifting index towards 2285 which almost hit this week with high of 2282. Above 2285, expect next target is at 2325. Above 2325, S&P 500 index will enter super bullish trend same like we saw in December. For 2017, my S&P 500 index targets are 2355 and 2460. On downside 2235 is major support for month of January and above it every major dip will be buying opportunity. nasdaq 30 index weekly outlook for 9-13 Jan 2017

NASDAQ weekly-hit 5535 target next is 5660

NASDAQ this week closed at 5521 with huge gains. NASDAQ also after last week’s volatility resumed uptrend and achieved its January swing target of 5535. Above 5535, next target is at 5660. NASDAQ price trend and momentum both strong bullish and strong dollar is driving market crazy. From long term view, NASDAQ is heading higher towards my targets of 5895 and 6355. vix index weekly outlook for 9-13 Jan 2017

VIX weekly-fresh breakdown hint target 9.34

VIX this week closed with loss. After last week’s bounce back, vix resumed long term downtrend and now heading towards target of 9.34. On upside 13.3 is major hurdle and below it vix will remain bearish and trend down. On long term chart, vix is heading down towards targets of 7.2 to 5 but deeply oversold so expect sharp bounce back rallies ahead.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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