U.S. indices continue to rise despite strong overbought conditions

Wall Street Indices Rise at Wednesday's Opening

US indices opened trading on Wednesday with very weak movements, with the Nasdaq leading the gains among Wall Street indices.

US indices saw some gains following the ceasefire agreement between the United States and Iran, but the market remains affected by the situation in the Middle East and geopolitical tensions.

Indices' Movement

The movements of the US indices were as follows:

The Dow Jones opened 0.72% higher and continued its upward trend, reaching $49,608.

The index has already reached strong selling levels, as previously indicated. We may see some corrective declines if any selling signals emerge.

The Nasdaq opened 0.93% higher and continued its upward movement, reaching $26,750.

The index managed to break through the selling zones and continue its upward trend. So far, the movement is positive, so it's not advisable to look for any selling opportunities.

The S&P 500 opened 0.73% higher, and the US index continued its rise, reaching levels of $7122.

The index broke through the selling zones and established strong buying levels. The movement remains positive for the index, and further upward movement is expected in the long term.