Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Trying to Break Even Higher

Finally, the S&P 500 looks like it is ready to continue going higher, but it did have a pretty wild swing during the day on Monday, so don’t be surprised if this takes some time. Short-term pullbacks I think continue to see support down at the 6,800 level. So, I think, your floor is followed by the 50-day EMA. 7,000 would be a target, as there was massive resistance previously. If we can break that, it would be a very big deal. I don’t like shorting any of these indices, and the S&P 500, of course, will be no different.