Yesterday the American indices went down once again. Today all three of them are rising, though. From the data front, all eyes will be focused on the nonfarm payrolls and unemployment rate in October. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 went down once again yesterday. The price finished the session at 3725. However, it is rising today. If the buyers continue generating firm demand, the price might go up above 3760 and even reach the R1 resistance level. But if the bears counterattack, the price could drop below 3720.
NASDAQ 100
NASDAQ 100 also dropped significantly yesterday. The price finished the session at the S1 support level, a little below 10730. However, it is rising today. If the buyers continue generating firm demand, the price might go up above the Pivot Point and reach 10850. But if the bears counterattack, the price could drop below 10700.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session slightly below 32000. However, it is rising today. If the buyers continue generating firm demand, the price might go up above 32200 and even reach the R1 resistance level. But if the bears counterattack, the price could drop below the Pivot Point and reach 31900.
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