Dow, S&P 500, Nasdaq Technical Outlook: No Sign of a Reversal

The S&P 500 and the Nasdaq 100 index’s break above key resistance confirms that the 2022-2023 downtrend has ended, raising the odds of a resumption of the long-term uptrend. While Nasdaq looks a bit tired, DJIA appears to be on the verge of a bullish break.