NASDAQ Index, SP500, Dow Jones Forecasts – Bullish Trends Hold Ahead of Critical CPI Release

view original post
Daily S&P 500 Index (SPX)

The S&P 500 finished at 6,532.04, up 0.30%, continuing its push toward the record close of 6,555.97. The technical picture remains strong, with the index trading above its 50-day (6,370.42) and 200-day (5,978.10) moving averages.

Sector flows show a healthy mix of growth and defensives, with energy, healthcare, and utilities catching steady bids alongside core tech. With earnings season largely behind, attention is focused on macro inputs — particularly inflation and the Fed’s reaction function.

Outlook: Moderately Bullish. The index is in a strong position to break higher, with resistance at 6,555.97 in focus. Support sits near 6,370, with deeper risk contained unless CPI surprises significantly to the upside.

Dow Jones Industrial Average (DJIA)