NASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Continues to Grind Higher

Market Overview - The Dow Jones 30 shows a slight positive trend in early trading, indicating a potential rising wedge pattern, but a significant downward shift is needed to confirm this [1] - The S&P 500 is experiencing a gradual increase, breaking the 6600 level, which is viewed as a bullish movement, with short-term pullbacks seen as buying opportunities [3] Support and Resistance Levels - The 45,000 level is identified as a significant support level for the Dow Jones 30, with expectations that it will not be a major concern in the near term [2] - The 6500 level is considered a major floor for the S&P 500, having previously acted as a resistance level [3] Market Sentiment and Future Outlook - The current market sentiment remains bullish, with no interest in shorting positions, and the upcoming Friday is highlighted as a key day for market direction [4] - The market is expected to experience some dips before stabilizing, with the behavior of the market on Friday being crucial for future movements [4]