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Saturday, September 22, 2012

Weekly Outlook for Sept 24th - 28th for Dow Jones, S&P500 and Nasdaq

Here is a last week expectation. http://www.freefdawatchlist.com/2012/09/weekly-outlook-for-dow-jones-nasdaq-and.html Dow jones, S&P500 and Nasdaq met upper range exactly as expected but missed out closing PT as all the indexes ended flat for the week. 

My Expectation: 
Dow jones likely to stay between 13429 and 13653 range. S&P500 likely to stay between 1447 and 1475 range. Nasdaq likely to stay between 3136 and 3195 range. 

Here is a summary for the week (Sept 17th - 21st).
Dow jones was down 13.4 point  (0.1%) for the week. Range: 13509  - 13653. Closed: 13579
S&P500 was down 5.62 (0.38%) for the week. Range: 1450 - 1475. Closed : 1460
Nasdaq was down 3.99 (0.13%) for the week. Range: 3157 - 3197. Closed: 3178

All the chart made for Dow is also applicable for Nasdaq and S&P500

dow jones
Dow jones weekly summary. It was down 13.4 point for the week and now closed in bearish zone.
Next week expectation (Sept 24th -28th).

Since this week all the index ended flat, there is no change in the range or price target.

Dow jones likely to stay between 13429 and 13653 range. PT: Dow jones should close below 13,429.

S&P500 likely to stay between 1447 and 1475 range.  PT: S&P500 should close below 1447.

Nasdaq likely to stay between 3136 and 3195 range.  PT: Nasdaq should close below 3136.