Fed Minutes, Jobs Data, and Market Setbacks: What's Ahead for Stocks and S&P 500?
The Dow Jones, Nasdaq 100, and CAC40 are facing pressure as the hawkish Federal Reserve minutes continue to impact the markets. The Dow Jones is dropping from last week's highs, with potential support at the 50-day SMA. The Nasdaq 100 remains close to recent highs but may experience a deeper pullback towards trendline support and the 50-day SMA. The CAC40 has fallen below trendline resistance and is back below the 50- and 100-day SMAs, with a potential move towards support at 7100. A recovery above key levels is needed to suggest a bullish view for all three indices.