Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Attempting to Bounce on Wednesday
The Dow 30 has rallied a bit during the early part of the trading session on Wednesday as well, as it continues to bounce around between the 49,000 level on the bottom and the 50,000 level on the top. All things being equal, I think this is a market that will continue to see a lot of buying on the dips, but we will also have to see whether or not those rates can come down because rates are a big problem right now for equity markets, non-yielding assets, pretty much anything not called interest rates or US dollars.
So that continues to be a major issue. I think right now we’re just stuck in this $1,000 range.