Nasdaq, Dow and S&P 500 Stay Resilient as Rates Remain High
Dow 30 trades at 53,375 above the 50 EMA and the 53,000 level, with the 200 EMA trending upward near 50,013 and resistance at 54,000. Source: TradingView.The Dow Jones 30 looks a bit soft at the moment, but still has a major support level underneath current trading near the 53,000 level, especially now that the 50-day EMA is racing towards that level as well.
To the upside, the 54,000 level continues to be a bit of a barrier, and it would be a target for bulls if they show up.
This is a market that has been very choppy and noisy, but it is the last day of the month, so there might be some position squaring late in the day that could skew price action.
S&P 500 Technical Analysis