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The Dow faces resistance at 46,770–46,800, turning bearish below 46,500. The S&P 500 key resistance is 6,760, with support at 6,730. Nasdaq stays positive above 23,000, targeting 23,400 if it breaches 23,100; support is 22,980. | Photo Credit: The Dow Jones Industrial Average fell from its intraday high, erasing all the gains from the previous day. The Dow Jones ended the day flat at 46,602 On the contrary, the S&P 500 and the NASDAQ Composite indices rose sharply from their day’s low and closed in green. The S&P 500, closing the day at 6,753.72, was up 0.58%. The NASDAQ Composite, on the other hand, surged by over 1% and closed at 1.12%. Dow Jones (46,602)The Dow Jones initially broke the resistance at 46,730 on Wednesday but failed to sustain the move. It touched a high of 46,816 and had come down sharply from there. The bias remains negative, with strong resistance in the 46,770-46,800 region. An intraday dip to 46,550-46,500 is possible today. A break below 46,500 will be bearish for a fall to 46,400. The Dow must decisively breach 46,800 to become bullish. Only then will the doors open for a rise to 47,000 and higher. Supports: 46,500, 46,400 Resistances: 46,750, 46,800 S&P 500 (6,753.71)The S&P 500 index has a crucial resistance near current levels at 6,760. A strong break above it can take the index up to 6,780-6,800. However, failure to breach 6,760 can take the index down to 6,740-6,730, a crucial support zone. A break below 6,730 will likely drag the index down to the 6,710-6,700 range. Supports: 6,730, 6,700 Resistances: 6,760, 6,780 NASDAQ Composite (23,041)The NASDAQ Composite index has risen well above the key level of 23,000. The sentiment will remain positive as long as the index remains above 23,000. A rise to 23,100 is possible today. From a big picture, a break above 23,100 will then have the potential to take the index up to 23,400 in the coming days. Strong support is around 22,980. A break below it will turn the outlook negative, with a potential fall to 22,900. Supports: 22,980, 22,900 Resistances: 23,100, 23,400 CommentsPublished on October 9, 2025 (责任编辑：) |
