NASDAQ Index, SP 500 and Dow Jones Forecasts – US Indices Look Positive in Early Trading

NASDAQ 100 Technical Analysis

The NASDAQ 100 has been gaining ground in early pre-market trading on Wednesday as we continue to see this market break out and perhaps go screaming to fresh new all-time highs. The market has bounced rather significantly, so it is a little extended. But let’s be honest here, if there’s one index that can really take off in an impulsive move, it’s the Nasdaq 100. Short-term pullbacks should continue to be buying opportunities in what looks to be like a bit of a runaway train here.

Dow Jones 30 Technical Analysis

The Dow Jones 30 tried to rally a bit, but it looks like it’s pretty flat in early market trading as we are hanging around the crucial 43,000 level. If we can take off to the upside, the 43,750 level would be the next target. And quite frankly, this is an index that I do expect to go higher given enough time. After all, this is a market that is knocking on the door of making a major breakout. And really, if the other indices do so, then the Dow Jones 30 should follow.

S&P 500 Technical Analysis

The S&P 500 is rallying as well as it looks like we are breaking out of this range and getting ready to go looking at the all-time high at 6,150. This is a market that, right along with the other ones, seems to be finding a reason one way or another to go higher. And you just simply cannot argue with momentum. Momentum is one of the most important parts of a market, and we most certainly have plenty here. Short-term pullbacks should end up being buying opportunities in a market that has been strong for several months now and now looks as if it’s breaking away from the previous grind.

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