Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 showed mixed sentiment, but the Dow Jones Industrial Average managed to rise. Today, all three of them are rising a little, but the volatility is really low. From the data front, pending home sales in November will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday the S&P 500 showed mixed sentiment. First the price managed to rise, got really close to 4800 and set the new all-time high. Then, in the afternoon, it dropped a bit and finished the session at 4780. Today the price is rising slowly, but the volatility is really low. If the buyers continue generating sufficient demand, the price might go up above the R1 resistance level and reach 4800. But if the bears counterattack, the price could fall to the S1 support level.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. First the price rose above 16650, then it dropped and finished the session at 16510. Today it is going up slowly, but the volatility is really low. If the buyers continue generating sufficient demand, the price might go up above the R1 resistance level and reach 16650. But if the bears counterattack, the price could fall to the S1 support level.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price managed to rise and finished the session slightly below the R1 resistance level and 36300.Today it is going up, but the volatility is rather low. If the buyers continue generating sufficient demand, the price might go up above today’s R1 and set the new all-time high. But if the bears counterattack, the price could fall to the S1 support level.
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