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NASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Still Look Soft in Early Wednesday Trading
FX Empire· 2026-01-21 14:05
Group 1 - The Dow Jones 30 is nearing the 50-day EMA, with the 48,000 level expected to attract buyers and support the market [1] - Despite a significant sell-off over the last three days, the overall trend remains unchanged, indicating potential opportunities for cheap contracts in the Dow Jones 30 [2] Group 2 - The S&P 500 experienced a slight rally but is currently around the 6,800 level, which is anticipated to provide support, with additional support extending down to the 6,500 level [3] - A patient approach is recommended for investors, suggesting that waiting for a market bounce before entering can lead to better opportunities, with no interest in shorting the indices [4]