Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Jump in CFD Markets

NASDAQ 100 Technical Analysis

The Nasdaq 100 in the CFD market has jumped as traders are trying to price in the idea of a possible agreement in the Middle East. That being said, I’d be very cautious about being so excited, simply because we could get a complete reversal, and of course, the underlying index itself was not open.

So, apart from a little bit of overnight electronic futures trading, there wasn’t a whole lot to measure the CFD market against. That being said, it’s been bullish for some time, so it’s certainly moving in the direction I would expect it to, sooner or later. So, I like buying dips, but I wouldn’t jump in with a massive position.

Dow Jones 30 Technical Analysis

The Dow Jones 30 is very much in the same situation where it was nice and strong, but a little bit of a pullback does make a certain amount of sense, and I would look at that as a potential value play. Given enough time, I would anticipate that the Dow Jones 30 could go looking to the 51,500 level, but it might take some time to get there. The 50,000 level will continue to be a massive floor in the market as it is a large, round, psychologically significant figure.

S&P 500 Technical Analysis

The S&P 500 is at all-time highs in the CFD markets as well. Again, same reason, but you also have to keep in mind the market will have to be taken with a grain of salt, as traders will try to determine whether or not there is going to be actual peace in the US-Iranian conflict.

It’ll probably be noisy and a lot of fits and starts, but the one thing that we have figured out is that no matter what, it seems like the market wants to go higher.

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