The US Stock Market is a captivating world that entices investors from all walks of life. With its dynamic nature and potential for substantial returns, it’s no wonder that many find themselves drawn to the allure of stock indices. In particular, the DJIA and NASDAQ 100 have become the focal points of attention for seasoned investors and newcomers alike. Join us on an exhilarating journey as we unlock the secrets, trends, and possibilities that these indices hold. Prepare to dive into the depths of the US Stock Market and discover the untapped potential of DJIA and NASDAQ 100 – two powerful symbols of financial success.
Technical Analysis of Dow Jones Industrial Averages in weekly time frame

We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone.
Around 18,300 level, price found a support and bounced back from this level.
With an upside rally, price managed to breakout its previous resistance.
After the breakout, we have seen a sharp upside rally further and the price reached at 36,950 level.
A corrective decline has been seen from there and the price started making lower highs and lower lows at reached to 28,800 level.
Price again bounced back from there and gave a upside move.
In this entire consolidation phase, a Cup & Handle chart pattern has been formed, which gave us positive indication.
With a strong breakout of the Cup & Handle pattern, price started its journey upside.
Currently the price is standing near its All Time High. More upside move is expected from here.
Technical analysis of Nasdaq 100 Index in 1 hour time frame

In hourly timeframe, we can observe that the price was moving through a parallel channel in upward direction.
From upside, 18,400 level is performing as a strong resistance and the price couldn’t sustain above this level.
17,800 level is an immediate support for the price as the price has taken support in here for multiple times.
Recently with a gap down, price is currently trading below its trendline support level.
There is a possible chance that the price again can come to its support zone and bounce back from here.
CONCLUSION
US stock indices, DJIA and NASDAQ 100, offer exciting opportunities for investors. Dynamic nature and potential for substantial returns make these indices appealing to both experienced and new investors. Join us on this thrilling expedition to uncover the secrets, trends, and endless possibilities in the world of US stock indices.