Advertisement
Advertisement

NASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Continue to Look Bullish in Quiet Premarket Session

By:
Christopher Lewis
Published: Oct 21, 2025, 13:07 GMT+00:00

The three major US indices look as if they all are going to be strong, if the last few days are to be believed. This is a market that continues to see more of a “buy on the dips” scenario.

NASDAQ 100 Technical Analysis

The Nasdaq 100 is pretty quiet in pre-market trading on Tuesday as we’re just hanging around all-time highs. We are slightly negative, but when I say it slightly, I mean just that, barely negative. All things being equal, I think a short-term pullbacks could end up being the order of the day for the NASDAQ 100, but I wouldn’t read much into it. I don’t think anything’s changing here. This is a market that’s been bullish for quite some time. And now that it closed above the 25,000 level again, it might attract a little bit more confidence in the upside. Either way, even if we pull back, I’m looking to buy the dip.

Dow Jones 30 Technical Analysis

The Dow Jones 30 is again just a few basis points negative in pre-market trading, basically just hanging out at the all-time highs. This tells me that the market is more likely than not to continue to be bullish, and I do think you have a situation where traders will offer short-term pullbacks in order to start buying as their plan, with the 50-day EMA underneath near the 45,750 level offering a short-term floor. Either way, this is the same situation. I just don’t have any interest in shorting this market. I do think that when it falls, it is more likely than not to offer buying opportunities.

S&P 500 Technical Analysis

The S&P 500 remains fairly quiet in the early hours on Tuesday, as it hovers around the 6,800 level. An area that I think a lot of people will be looking for a potential breakout. I do expect 6,800 to be a bit of a short-term problem. So, with that being said, if we can break above there, then I think that shows that more FOMO and momentum come back into the fray.

We still haven’t broken above the top of that wipeout candlestick from Friday, the 10th of October, but once we do, that wipes out the last vestiges of that little bit of panic after Trump threatened China with more tariffs. I think it’s really only a matter of time. And in fact, I wouldn’t be surprised at all to see it happen during the session. If we do pull back again, I think that offers a buying opportunity.

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

About the Author

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

Advertisement