NASDAQ 100, Dow Jones 30 and S&P 500 Forecast – US Indices Recover After Initial Gap Lower

Nasdaq 100 Technical Analysis

The Nasdaq 100 initially pulled back just a bit during the trading session on Monday, but the 50-day EMA seems to be holding in. At this point, it is very likely that we will continue to see the Nasdaq 100 move higher over the next several sessions. The key question now is whether the market can sustain this momentum and force a break above the 22,000 level.

It’s important to keep in mind that while we are in a strong uptrend, we also have new tariffs on aluminum and steel in the United States, along with a president who may introduce additional tariffs. The uncertainty around these policies raises the question of whether they will shock the market. In the short term, pullbacks should continue to be seen as buying opportunities.

Dow Jones 30 Technical Analysis

The Dow Jones 30 initially gapped lower but then turned around, showing renewed signs of strength. It looks like we are going to continue pushing to the upside. The 45,000 level has been a key area of focus for some time, and if we can break above that, the market has the potential for a much larger move higher. I would look at pullbacks as potential buying opportunities, especially near the 50-day EMA, which sits around 43,750. Below that, we have additional support at 43,500.

S&P 500 Technical Analysis

The S&P 500 initially fell and gapped lower but quickly bounced from the 50-day EMA. It now appears to be gaining momentum. If the index can clear the 6,150 level, then I believe it will truly take off. I would not be a seller in this market, and any pullback at this stage should be viewed as a potential buying opportunity.

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