Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Likely to Wait for Islamabad Talks
The Dow Jones 30 looks healthy. At this point, I think you have to believe that the Dow Jones 30 is going to get to the 50,000 level. The 50,000 level is an area where a lot of people will be trying to break through, as it’s a large, round, psychologically significant level.
Pullbacks at this point in time should continue to see 49,000 as a little bit of a floor. Ultimately, I think you have to be very positive so far and understand that anytime we pull back, it is a scenario where traders are trying to build up the necessary momentum, but we are a little stretched.