The Dow Jones Industrial Average, S&P 500 and the NASDAQ Composite indices remained volatile for the second consecutive day. The Dow Jones closed the day marginally lower by 0.04 per cent. The S&P 500 and the NASDAQ Composite indices however managed to close higher. The indices were up 0.4 per cent and 0.66 per cent respectively.
Dow Jones (46,253.31)
The Dow Jones has come down sharply on Wednesday failing to breach the resistance at 46,700. Support for the day will be around 46,000. Immediate resistance at is 46,400. The index has to breach this hurdle in order to go back up to 46,700 again.
On the other hand, if the index declines below 46,000 it will be bearish. In that case, the Dow Jones can fall to 45,500.
Supports: 46,000, 45,000
Resistances: 46,400, 46,700
S&P 500 (6,671.07)
The rise to 6,700-6,720 on Wednesday did not sustain. The S&P 500 index has fell back after touching an intraday high of 6,724.12 in early trade. The immediate outlook is mixed. Support is at 6,600. Resistance is around 6,720. The S&P 500 index can oscillate between 6,600 and 6,720. A breakout on either side of 6,600-6,720 will then determine the next leg of move.
A sustained break above 6,720 will be bullish for a rise to 6,750. A break below 6,600 on the other hand will be bearish to see 6,550 on the downside.
Supports: 6,600, 6,550
Resistances: 6,720, 6,750
NASDAQ Composite (22,670.13)
The NASDAQ Composite index has support at 22,400 and resistance around 22,830. We will have to wait for a breakout on either side of 22,400-22,830 to get a clear picture on the next direction of move.
A decisive break above 22,830 will be bullish. It can then take the index up to 23,000-23,100. In case the NASDAQ Composite index declines below 22,400, it can fall to 22,200 or even 22,000.
Supports: 22,400, 22,200
Resistances: 22,830, 23,000
Published on October 16, 2025