Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Working Through Earnings Season
The Dow Jones 30 looks as if it is trying to bounce a bit, although it doesn’t have as much momentum. The 49,000 level is an area that I think a lot of people will be watching very closely to see whether or not it can continue to be an area of importance.
It has been both support and resistance in the past and so far, it looks like it’s hanging on. In fact, I look at this as a market that is trying to go into consolidation between 49,000 and 50,000, so with that being the case, more of an upward bias here.