Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – Buyers Defend Dips as Long-Term Trend Holds

• The Dow Jones 30 is trading above 53,000, showing the strongest performance among the three indices with clear bullish momentum
• The Nasdaq 100's 50-day EMA is providing support, with buyers expected to return if the index breaks above 30,000
• The S&P 500 is forming a 'W-pattern' near 7,500 after bouncing from symmetrical triangle trendline support, providing comfort to bulls

Market Summary: US Indices Show Mixed Performance Amid Long-Term Bullish Trend

Date: July 7, 2026

Key Market Movements

US major indices displayed mixed performance in early Tuesday trading, though the long-term bullish trend remains intact:

• S&P 500: -0.08%
• Nasdaq 100: -0.74%
• Dow Jones 30: +0.44%

Technical Analysis Highlights

Nasdaq 100: The index experienced early-session weakness but showed recovery attempts in premarket trading. The 50-day EMA is providing crucial support, with the 30,000 level representing the next key resistance threshold for further upside momentum.

Dow Jones 30: Demonstrated the strongest performance, trading above the 53,000 level with clear bullish momentum. The 53,000 mark is expected to provide psychological support, though analysts note the uptrend would remain valid even below this level.

S&P 500: After an initial decline, the index bounced from its symmetrical triangle trendline near the 7,500 level. A developing W-pattern formation suggests potential bullish continuation, providing comfort to market participants.

Market Implications

Despite short-term volatility and early-session noise, buyers are consistently defending pullbacks across all three indices. The analyst, Christopher Lewis, emphasizes no interest in shorting these markets, reflecting strong conviction in the prevailing uptrend. The technical picture suggests dip-buying remains the dominant strategy, with key support levels holding firm and long-term momentum indicators pointing toward continued strength in US equities.