NASDAQ 100 Index, SP 500 and Dow Jones Forecasts – US Indices Slightly Positive in Early Premarket Trading

NASDAQ 100 Technical Analysis

The Nasdaq 100 has risen slightly during the pre-market trading on Wednesday, as it looks like we are trying to sort out whether or not we can stay above the crucial 21,000 level. The 21,000 level, which, of course, is a large, round, psychologically significant figure, is also an area where we have seen a lot of interest previously. So, we’ll have to see whether or not it holds, but at this point, it looks like we can rise above 21,600, we will probably continue towards the recent all-time highs near 22,000 as traders begin to really start to chase performance here.

Dow Jones 30 Technical Analysis

The Dow 30 has pulled back just a bit in the early part of the session on Wednesday as well, but just like we had seen in the NASDAQ, buyers have stepped back in order to keep things afloat. The 42,800 area above is a significant resistance level that I think we’ll be aiming for. And if we can break above there, then we can really take off, perhaps reaching 43,500, followed by 45,000. The 42,000 level looks to be short-term support as we speak.