NASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Proceed to Look Upwards…

NASDAQ 100 Technical Evaluation

The NASDAQ 100 rallied once more in a single day as we headed into the New York session. At this level, the NASDAQ 100 continues to see loads of momentum. And naturally, we’ve had good earnings from a handful of main expertise firms in a single day which have helped the NASDAQ 100 actually begin to take off. With that being the case, I feel you’ve received a scenario the place brief time period pullbacks will proceed to be shopping for alternatives and I feel the 23,000 stage is now your ground out there, if you’ll. I’ve little interest in shorting this market. I feel the NASDAQ 100 continues to be very bullish.

Dow Jones 30 Technical Evaluation

The Dow Jones 30 did rally a little bit bit within the early hours, however you’ll be able to see has actually sort of didn’t launch to this point. However regardless, I additionally acknowledge it is a state of affairs the place merchants will proceed to see this as a market that’s making an attempt no less than to strain the ceiling above the 45,000 stage, in fact, the ceiling, if you’ll, and I feel that’s one thing price paying shut consideration to. In any case, if we are able to break above this huge, spherical, psychologically vital determine of 45,000, then it’s very seemingly that the remainder of the buying and selling public will have a look at that as a sign to start out leaping and piling into this market because the momentum actually begins to choose up. I imagine there’s a huge quantity of help on the 44,000 stage.