Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Continue to Look Upwards

The S&P 500 finds itself rallying again during the session and has touched a new all-time high. Short-term pullbacks, I think, continue to be buying opportunities with the 7,000 level being a large, round, psychologically significant figure and a floor based on the previous resistance. I do not have any interest in shorting this market and I do think eventually we will go higher, but I would love to see more sideways action to work off some of the froth that had been brought into this index.