Technical Analysis

Technical Outlook for the S&P 500, Dow Jones, and Nasdaq 100

S&P 500/Dow Jones/Nasdaq 100 Technical Highlights:

S&P 500 close to trend-line off document excessive

Dow Jones taking a look at trend-line, 200-day

Nasdaq 100 t-line resistance too

Q1 Forecasts are out. Take a look at the Buying and selling Guides web page for these and different guides that will help you get off to a very good begin to 2019.

S&P 500 close to trend-line off document excessive

Momentum has slowed in latest periods, however the S&P 500 continues to show power by refusing to say no. About 35 factors increased is a trend-line off the document excessive, which traces up roughly with the Monday excessive. How value motion performs out upon a take a look at of resistance could possibly be telling because the transfer off the low reaches into overbought territory. A 100 level or so pullback in slightly fast style could possibly be nearing as soon as we see a swift flip decrease.


With world inventory market volatility excessive, see the place our analysts see shares headed within the Q1 International Equities Forecast.

S&P 500 Every day Chart (t-line off document excessive)

S&P 500 daily chart, t-line off record high

Dow Jones taking a look at trend-line, 200-day

The Dow has placed on a powerful rally, rising via prior resistance ranges with little hassle. Forward, although, lies the trend-line off the document excessive and in confluence is the widely-watched 200-day MA. This ought to be a formidable barrier for the market to cross. Whereas psychological ranges aren’t probably the most dependable types of help and resistance, it’s price noting that confluence arrives on the 25k-mark.

Dow Every day Chart (T-line, 200-day)

Dow Daily Chart, t-line, 200-day

Nasdaq 100 t-line resistance too

The Nasdaq 100 doesn’t have as formidable of resistance as the opposite two main indices, but when these flip then so will the tech-heavy index. The trend-line in play right here runs over from October throughout peaks within the subsequent two months. The NDX is considerably lagging behind, so it could not make it to resistance with the S&P and Dow, and if it continues to lag, from a tactical standpoint it could be the higher brief as soon as the market decides to show down.

Nasdaq 100 Every day Chart (T-line off document excessive)

Nasdaq 100 daily chart, t-line off record high

To study extra about U.S. indices, take a look at “The Distinction between Dow, Nasdaq, and S&P 500: Main Information & Alternatives.” You possibly can be part of me each Wednesday at 10 GMT for dwell evaluation on fairness indices and commodities, and for the remaining roster of dwell occasions, take a look at the webinar calendar.

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—Written by Paul Robinson, Market Analyst

You possibly can comply with Paul on Twitter at @PaulRobinsonFX

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