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US indices hover near key levels as buyers emerge amid cautious trading Monday

Technical Signals
18 May 2026
FXEmpire
View Source
Neutral
pluang ai news

US stock indices showed cautious movement on Monday, with the Nasdaq 100 fluctuating around the critical 29,000 level, which could lead to either consolidation or a drop to 28,000. The Dow Jones 30 found support near 49,000, suggesting potential sideways movement or a test of the 50-day EMA if it falls further. The S&P 500 also dipped but showed signs of recovery toward 7,500, with 7,300 acting as a short-term floor. Overall, the market remains bullish but appears overbought, indicating cautious optimism among investors.

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