Nasdaq 100 Units New File
The Nasdaq 100 reached an unprecedented excessive on Wednesday, surpassing the 19,000 mark for the primary time. This surge follows a sturdy restoration from final week’s low of 18,187, simply above the 50-day SMA.
Wanting forward, the momentum might propel the index additional previous 19,000. Nevertheless, a drop beneath 18,700 would signify a major reversal within the present bullish development.
Dow Jones Positive factors Momentum
The Dow Jones demonstrated resilience, establishing a brand new increased low after bouncing again from 38,000 finally week’s shut. It touched the 50-day SMA yesterday, and sustaining above this stage might solidify the bullish outlook, probably setting the stage for an strategy in the direction of the all-time excessive of 40,000.
Conversely, a fall beneath 38,500 might result in a retest of the 38,000 stage, and presumably all the way down to the April low of 37,236.
CAC 40 Advances from Help
This previous week, the CAC 40 discovered assist close to 7900, mirroring its efficiency in April and Might. If this assist stage holds, the index is poised for a rebound in the direction of the 8250 peak noticed within the previous months, which might restart the uptrend and probably attain new highs.
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