NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Rallies As CoreWeave Soars 24%

Dow Jones is moving higher amid broad rally in the equity markets. NVIDIA, which is up by +3.8%, is the biggest gainer in the Dow Jones index today. The stock has started to recover from the sell-off, which was triggered by the spy scandal. It remains to be seen whether this rebound will be sustainable as the spy story continues to develop.

Dow Jones attempts to settle above the resistance level at 52,300 – 52,400. In case this attempt is successful, Dow Jones will head towards the next resistance level, which is located in the 52,800 – 52,900 range. On the support side, a move below the 50 MA at 52,120 will push Dow Jones towards the next support at 51,400 – 51,500.