Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Looking for Buyers Early
The Dow Jones 30 has fallen early during the session, but it looks like the 49,000 level is going to continue to be a bit of a floor. Bouncing from there opens up the possibility of a move to the 50,000 level. If we break down below the 49,000 level, then the market is likely to test the 50-day EMA. Breaking down below there opens up a possible move down to 48,000, but I think ultimately, we are in a market that is probably going to bounce a bit here and just go sideways.