Yesterday the American indices managed to rise. Today, all three of them opened a bit lower and have been showing mixed sentiment since then. From the data front, manufacturing PMI, markit composite PMI and services PMI in October will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday the S&P 500 rose significantly. The price finished the session above the R1 resistance level, at 4540. Today, the price opened 7 pips lower and has been showing mixed sentiment since then. If the buyers show their strength once again, the price might rise above the R1 today and set the new all-time high. But if the bears take control over the market, the price could drop to the S1 support level.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price finished the session at the R1 resistance level. However, it opened 45 pips lower today and has been showing mixed sentiment since then. If the buyers show their strength once again, the price might still rise above today’s R1. But if the bears take control over the market, the price could drop to the S1 support level and the EMA 200.
Dow Jones Industrial Average
The DJIA index was a bit weaker yesterday. The price alo went up, but only slightly, it finished the session a little below 35500. Today, it opened 30 pips lower and has been showing mixed sentiment since then. If the buyers show their strength once again, the price might reach 35600 and set the new all-time high today. But if the bears take control over the market, the price could drop to the S1 support level.
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