NASDAQ, Dow Jones and S&P 500 Forecast – US Indices Look to Continues Higher on Friday

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Dow Jones 30 Technical Analysis

The Dow Jones 30 looks particularly interesting, as we had formed a hammer during the previous Thursday session, and now it looks like we are trying to break out to the upside. If and when we do, we should go looking to the 43,000 level. Even if we were to break down from here, I see plenty of support at 41,900, especially now that the 50-day EMA is there.

And of course, all you have to do is look back a couple of weeks and you can see that area has a lot of support in it. If we do break higher, then 43,000, of course, could be a target, but really, I think we go higher than that. The Dow Jones 30 has performed quite well as of late, and I think that continues to be the case.

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