NASDAQ Index, SP500, Dow Jones Forecasts – NASDAQ Retreats As Sandisk Dives 14%

Dow Jones  gained ground as most stocks in the index moved higher in today’s trading session. Apple, which was up by 4.6%, was the biggest gainer in the Dow Jones index today.

Dow Jones climbed above the previous resistance at 52,100 – 52,200 and is trying to settle above the resistance level at 52,700 – 52,800. In case this attempt is successful, Dow Jones will get to the test of the 53,000 level. RSI remains in the moderate territory, so there is plenty of room to gain upside momentum in case the right catalysts emerge.

On the support side, a move below the 52,100 level will push Dow Jones towards the 50 MA at 52,001. If Dow Jones declines below the 50 MA, it will head towards the support level at 51,600 – 51,700.

For a look at all of today’s economic events, check out our economic calendar.