After looking at Dow Jones Industrial Average weekly stock market trends, I am now also looking at the S&P500 and Nasdaq stock indices as well. These two major US indices are also hitting resistance and they will either go to a sideway market or down trending market as the US Dow Jones stock market trends.
You can see the similar analysis result on S&P500 and Nasdaq that they are hitting the resistance and the support will the low right before the election rally. However, there is a chance that the S&P500 and Nasdaq can go all the way down to the 2002 low.
S&P500 Hitting Resistance at 1010 & Support at 841
S&P
US S&P500 Stock Market Trends
Nasdaq Hitting Resistance at 1785 & Support at 1503
US Nasdaq Stock Market Trends
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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