Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Slide Early on Tuesday
The Dow Jones 30 is continuing to be very choppy in general, and we are sitting in the middle of what I think could be a bit of a range between the 49,000 level on the bottom and the 50,000 level on the top. Ultimately, I think this is a market that will continue to see a lot of questions asked of the 50,000 level. I think it would take something a little bit special to break above there.
One thing that’s not helping will be the interest rates, and they continue to climb. So, I think we’re stuck in this range for a while, which is fine, as long as you know how to trade a range and you can be nimble enough to take advantage of it.