Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Trying to Rally Early on Wednesday

• Nasdaq 100 bounced early Wednesday, targeting a return to the 30,000 level with support expected at 28,500 if gains fail to hold
• Dow Jones 30 is testing the psychologically important 52,000 level, with potential upside targets at 53,000 if resistance breaks
• S&P 500 found support at its 50-day EMA and is targeting 7,500, with further potential toward 7,600; analyst views short-term pullbacks as buying opportunities

Market Summary: US Indices Attempt Recovery Following Tuesday Selloff

Key Market Movements (June 24, 2026)

Major US equity indices showed early-session strength Wednesday as traders interpreted Tuesday's selloff as overdone:

• S&P 500: +0.10%
• Nasdaq 100: +0.12%
• Dow Jones 30: -0.08%

Technical Analysis Highlights

Nasdaq 100: The index bounced in early trading, targeting a return to the 30,000 level. Support is identified at 28,500, with analysts viewing the market as attempting to consolidate after a sharp rally. The current pullback is characterized as "working off excess froth" rather than a trend reversal.

Dow Jones 30: Testing the psychologically significant 52,000 level, with resistance at 53,000 if the breakout occurs. Analysts view short-term pullbacks as buying opportunities.

S&P 500: Found support at the 50-day exponential moving average, targeting 7,500 with further upside to 7,600. The index is described as "basically the same" as the Nasdaq, driven by the same handful of stocks.

Market Implications

All three indices maintain bullish long-term outlooks despite recent volatility. The analyst emphasizes a "buy the dip" strategy, noting the recent selloff represents normal consolidation following a strong uptrend. Market concentration in large-cap technology stocks continues to drive index performance, with the S&P 500 and Nasdaq 100 showing highly correlated movements.

The technical setup suggests traders view current levels as attractive entry points within an ongoing bull market.