Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – Stock Breakout Eyes All-Time Highs

The S&P 500 is breaking out. It broke above that crucial 7,600 level and now is right on the precipice of making fresh all-time highs. Again, stocks in America celebrate the idea that perhaps the Federal Reserve may have to cut rates, although the bond market doesn’t seem to think so. We’ll just have to wait and see.

Either way, earnings have gone okay, and that provides more fuel to the fire based on technical analysis and the measured move of this rectangle possibly being broken to the upside. 7,900 could be the target. Short-term pullbacks, more likely than not, I suspect will attract buyers in what has been a strong uptrend.