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

NASDAQ 100 Technical Analysis

The Nasdaq 100 has found itself to be rather bullish in the early hours here on Wednesday as the buyers just continue to pile into the major companies in this index. At this point, short-term pullbacks should be thought of as potential buying opportunities. After all, we are in a very strong uptrend, and really there’s no reason to think that things will suddenly change. Wall Street is starting to bet on lower interest rates, and that will fuel stocks to go higher.

Dow Jones Technical Analysis

The Dow Jones 30 has rallied a bit during the session as well, as we continue to see a lot of noisy behavior, but I think we are going to try to get to the 45,000 level again. The 45,000 level is an area that’s been a massive barrier, and if we can break above there, the Dow Jones 30 should just take off because it’s such an obvious barrier. The Dow Jones 30 does have to play a little bit of catch up to both the S&P 500 and the NASDAQ 100, so this could be coming sooner or later.

S&P 500 Technical Analysis

The S&P 500 looks very bullish in the early part of the market as well. And I do think that it is probably only a matter of time before we reach the 6,500 level. Short-term pullbacks, I believe in offering plenty of buying opportunities in a market that has been strong for some time. And of course, sees a lot of people interested in trying to find cheap stocks anytime we can. Again, this is about loose monetary policy coming down the road. And if that’s going to be the case, people will start running to the stock market.

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