Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Drop in Early Trading

• The Nasdaq 100 is testing the 28,500 support level after falling significantly to the 50-day EMA on Tuesday before bouncing; movement in the 10-year Treasury yield could influence further direction
• The S&P 500 is testing the critical 7,300 level, where the 50-day EMA and previous support converge, with analysts advising patience to trade on the 'right-hand side of the V' pattern
• The Dow Jones 30 could rally if it recaptures the 50,750 level, potentially targeting 51,350, though all three indices remain under pressure in early Wednesday trading

Market Summary: US Indices Decline in Early Trading

Date: June 10, 2026

Key Market Movements

US equity indices experienced selling pressure during pre-market trading on Wednesday, with all three major indices posting declines:

• Nasdaq 100: -0.70%, approaching the 28,500 support level
• Dow Jones 30: -0.27%, testing stability around current levels
• S&P 500: -0.34%, declining toward the critical 7,300 level

Technical Analysis Highlights

Nasdaq 100: The index is approaching 28,500, a level that has provided support multiple times previously. On Tuesday, the index fell significantly to reach the 50-day EMA before bouncing back sharply. Market performance remains tied to 10-year Treasury yield movements.

Dow Jones 30: After initial pre-market weakness, the index showed signs of stabilization. A recovery above 50,750 could signal upward momentum toward 51,350. Performance is also linked to US interest rate movements.

S&P 500: Testing the crucial 7,300 support level, which coincides with the 50-day EMA and previous price action. This technical confluence makes it a key area for potential support.

Market Implications

The analyst suggests a cautious "wait-and-see" approach, advising investors to look for value opportunities rather than rushing into positions. The recommendation is to trade on the "right-hand side of the V" pattern on short-term charts, indicating patience until clear reversal signals emerge. A potential catalyst for recovery would be declining US Treasury yields, which could support equity buying interest across all three indices.