NASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Continue to Look to Higher Levels

NASDAQ 100 Technical Analysis

The Nasdaq 100 rallied slightly during the trading session in the early hours of Wednesday, as it looks like the 23,000 level is, in fact, trying to hold as support. It had been significant resistance previously, and of course, it is a large round, psychologically significant figure. So that makes a certain amount of sense. I think pullbacks continue to be buying opportunities in what has been a very strong stock index, and of course, one that is getting ready to head into earnings season. So, any good news would be welcomed, perhaps to send us higher.

Dow Jones 30 Technical Analysis

The Dow Jones 30 has broken above the top of a bullish flag that I had been talking about. And now I think we’ve got a situation where we could go looking to the 45,000 level. Given enough time, I anticipate that we will not only reach the 45,000 level, but I think we will also see this market go looking at much higher levels, well above the 45,000 level, to perhaps 46,000, given enough time.