Dow Jones 30 Technical Analysis
The Dow Jones 30 is slightly positive as well, but again, this is a situation where the volume just is not going to be there to get the market overly excited, at least unless, of course, something happens externally.
The 47,750 level continues to be support, and the 49,000 level above continues to be resistance. All things being equal, I am a buyer of dips, and I do think this is a market that, given enough time, will have to challenge 50,000. That is obviously a story for 2026, but I think that is where we are going.
S&P 500 Technical Analysis
The S&P 500 sits right here at all-time highs or within about 15 points of it as I record the video, and it does look like it wants to break out to the upside. I do think that the S&P 500 will find the $7,000 level before it is all said and done.
Short-term pullbacks are buying opportunities, and there is nothing on this chart that even remotely suggests that we should be thinking about going short. 6,800 continues to be supported, especially with the 50-day EMA reaching that level. Therefore, I am looking for dips and buying the right-hand side of the V in order to continue to take advantage of a longer-term uptrend.
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