Index Technical forecasting neutral neutral
- S&P 500 to 200-day moving average view
- Nasdaq 100 left behind, less than 200-days
- Dow Jones has a trend line in the game and is 200-days ahead
S&P 500 Technical Forecast
Of S&P 500 Strong fashion is emerging from the recent low, bringing the 200-day moving average into play. It was convincingly broken a month ago, and could be the main focus for the market in the coming days.
Even if the market eventually seeks support, it is expected to suspend at least 200 days if it does not respond immediately. It is a difficult place to enter for long periods of time without the risk of being pulled back in the snow.
With regard to short positions, it is good to see some signs that the market is looking to move backwards, a strong reversal day. And Do it at a key level / resistance line such as 200-day MA. We need to get a better idea of how to handle SPX in the coming days.
S&P 500 Daily Chart
Nasdaq 100 Technical Forecast
OfNasad 100 The 200-day moving average is a long way off, wanting to try and climb above the recent swing at 14342. This is the level at which other indexes hit the most important 200-day MAs. A quick reversal of 14342 may provide at least a short chance. The daily intimacy of overcoming takes that idea off the table.
Nasdaq 100 daily chart
Dow Jones Technical Forecast
Of Dow Jones The 200-day moving average has an unconventional tendency to struggle before it takes over, but it is still a step that can be achieved in the near future. On the side, there is good support for the dove above the 34 k mark. Returning to this area before a high trip can be a great opportunity for those who want to buy a level of support to stop on the other side.
Whether it is a short time to move in and out of the 200-day range, or a 34-day rebound and reversal, it seems to have the potential for some business opportunities this week.
Dow Jones Daily Chart