Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Rise as Rates Dip
The Dow Jones 30 looks like it is trying to stay above the 49,000 level after selling off the previous session. This looks kind of like a bullish flag, which could open up a much bigger move, but obviously, we have the barrier of 50,000, potentially causing some issues.
So, I think a short-term pop is possible. I probably would expect more sideways action than anything else. This is healthy for a market that has been very strong recently.