Nasdaq, Dow Jones and S&P 500 Forecasts, Technical Analysis (May 26): US Indices Try to Push Higher

Ajouté : 2026-06-02

[00:00:01]US indices continue to attempt to push higher. Before we start a quick word from our sponsor, this video is brought to you by X Ness, the world's leading retail brokerage firm offering ultra fast execution. No overnight fees. Look for a link in the description below. The Nasdaq 100 pulled back just a touch during the trading session here on Tuesday, but it looks like it's trying to rally as New York wakes up. I think at this point in time we will make a serious attempt to get to the 30,000 level, but whether or not we can break through there remains to be seen. This is a market that will remain very noisy and choppy. It's very bullish. I think ultimately it remains a buy on the dip type of situation, especially if rates in the US can continue to drift lower like they have. The Dow Jones 30 has pulled back. I think part of this might be the due to the fact that it was overdone anyways. I think this pullback is healthy. We could see a move back to the 50,500 level, which would fill the gap offering a potential buying opportunity on a bounce. If we can take off from here, the 51,000 level above is a barrier that if broken opens up a bunch much bigger move uh to the upside. Again, I think part of it is the rate story, but this was one that was overdone to begin with.

[00:01:27]The S&P 500 finds itself a little bit soft in pre-market trading, but it did just pull back from all-time highs. Keep in mind, Monday will have been a holiday, so it'll be interesting to see how the actual underlying index reacts today. I think overall, what you will have is more likely than not a lot of buying of the dip behavior. And in that environment, I do like the S&P 500 to go looking to the 7,600 level before it is all said and done. My name is Christopher Lewis. I work for FX Empire.

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