Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Rise Early on Tuesday

NASDAQ 100 Technical Analysis

The interest rates in America are falling just a bit during the early part of the trading session here on Tuesday, and that does open up the possibility of a much bigger move if we continue to see more of that. The Nasdaq 100 is currently doing everything it can to break higher and perhaps even make a fresh new all-time high.

If short-term pullbacks do occur, they will more likely than not offer buying opportunities closer to the 30,000 level. If you can see the market break above the 31,000 level, then it’s likely that the Nasdaq 100 will continue to go even higher.

Dow Jones 30 Technical Analysis

The Dow Jones 30 is somewhat positive in pre-market trading, with the 52,000 level being a bit of a barrier. Short-term pullbacks, I think, open up the possibility of a buying opportunity all the way down to the 50,750 level. Ultimately, this is a market that, if you see a dip, you probably buy it, especially if rates continue to drop. Breaking above the 52,000 level opens up a much bigger move.

S&P 500 Technical Analysis

The S&P 500 is likely to continue to see a lot of momentum, perhaps trying to break towards the 7,630 level. The interest rates dropping continue to help as well. The 7,500 level is an area that I think offers a short-term floor.

There’s also a gap underneath there, like there are in the other two indices, that offers support, so ultimately, this is a situation where if you find value, you have to take advantage of it in the form of lower pricing.

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