Dow Jones, Nasdaq 100, Nikkei 225 Analysis And Charts ​​​Dow Above 37,000

The index has recently surged to a seven-week peak, though it still trails the record highs set in May, contrasting with the S&P 500 and Nasdaq 100. Further advances are aimed at surpassing the May peak of 40,080. Presently, ongoing higher intraday lows signal bullish momentum, with the short-term outlook remaining positive as long as the price remains above the 50-day simple moving average (SMA) at 39,125.

A close below 39,000 would invalidate the short-term bullish perspective, potentially paving the way towards levels of 38,500 and subsequently 38,000.

DOW JONES DAILY PRICE CHART

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Nasdaq 100 At New Highs Ahead Of CPI

The index achieved another record high today, showing no signs of pre-CPI jitters. Short-term support remains intact from the trendline starting at the July 1 low. However, a close below 20,500 could suggest that a temporary peak has been reached.

Currently, there are minimal indications of a significant pullback emerging at this time.

NASDAQ 100 DAILY PRICE CHART

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​ ​NIKKEI 225 Continues To Surge

The index has surged approximately 12% in less than a month, breaking through the historic milestone of 42,000. While short-term consolidation is possible, the overall bullish outlook remains robust. Any brief pullback in the near term might target the previous record high at 41,163.

NIKKEI 225 DAILY PRICE CHART

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