NASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Look to Rally Again

NASDAQ 100 Technical Analysis

The Nasdaq 100 looks as if it is trying to rally a bit during early trading on Tuesday to continue the massive upswing that we saw on Monday. Remember, just a few sessions ago, it was the end of the world, and we were plunging. But this tells you exactly what the market truly wants to do, it wants to go higher. So, with that being the case, you cannot fight this type of price action.

At this point, it wouldn’t surprise me at all to see the NASDAQ go racing towards the all-time high again, possibly even during the Tuesday session, if not sometime during the week, it would make a certain amount of sense. Short-term pullbacks will almost certainly continue to be interesting for bullish traders to jump in.

Dow Jones 30 Technical Analysis

The Dow Jones 30 has pulled back just a touch, but it still looks like it’s recovering and is ready to perhaps make a statement to the upside. Ultimately, it could go looking to reach the 45,000 level again, an area that has been important at least three times as a major barrier and all-time high. Short term pullbacks almost certainly will continue to attract bullish traders as they will think of them as a value opportunity.

S&P 500 Technical Analysis

The S&P 500 is a little bit quiet during the session, but again, the one thing worth paying attention to more than anything else is that it didn’t fall. So, this suggests that traders are at least somewhat comfortable going long at this point, which is a good sign considering we are in the midst of our earning season.

Earning season, of course, can cause a lot of volatility, but with all of the chaos out there with the tariffs and everything else, you’d think that the stock market would have quite a bit more in the way of problems, but it doesn’t. And that’s the thing you need to pay attention to. Don’t worry about what the stock market should do. Worry about what it’s doing. And right now, what it’s not doing is falling significantly.

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