US Outlook: Important hurdles reached – Will there be profit-taking? Dow Jones, Nasdaq-100 and S&P 500 analyzed.
According to a report from stock3.com, US indices reached but failed to overcome key resistance levels yesterday. This raises the question of whether profit-taking will occur today. The Dow Jones, Nasdaq-100 and S&P 500 are all facing important decisions that will determine the future course of the market. Dow Jones: The index attacked the resistance at 35,007 points yesterday, but did not reach a daily closing price above this level. A possible consolidation towards Tuesday's upside gap at 34,581 points could be imminent. A breakout above 35,007 points, on the other hand, could lead to a direct increase towards the downward trend above the annual high. Nasdaq 100: …

US Outlook: Important hurdles reached – Will there be profit-taking? Dow Jones, Nasdaq-100 and S&P 500 analyzed.
According to a report by stock3.com, the US indices reached important resistance levels yesterday, but did not overcome them. This raises the question of whether profit-taking will occur today. The Dow Jones, Nasdaq-100 and S&P 500 are all facing important decisions that will determine the future course of the market.
Dow Jones: The index attacked the resistance at 35,007 points yesterday, but did not reach a daily closing price above this level. A possible consolidation towards Tuesday's upside gap at 34,581 points could be imminent. A breakout above 35,007 points, on the other hand, could lead to a direct increase towards the downward trend above the annual high.
Nasdaq-100: After an unprecedented rally in recent days, the index could enter a correction phase, especially if it falls below Tuesday's gap at 15,726 points. A setback towards 15,524-15,496 points would be possible. However, a breakout above 15,932 points could extend the rally towards 16,454 points.
S&P 500: The index approached key resistance at 4,527 points yesterday, but experienced slight profit-taking throughout the day. A consolidation to 4,458 points and below could currently be imminent. A breakout above 4,527 points, however, could mean a further rise to 4,607 and 4,818 points.
The possible scenarios for the US indices show that we are in a crucial phase. A breakout above the resistance levels could lead to further gains, while a pullback could lead to short-term corrections. Traders and investors should keep a close eye on these developments to adjust their positions accordingly.
Read the source article at stock3.com