Yesterday was a good session for the American indices. All three of them went up significantly. S&P 500 and Dow Jones Industrial Average finished the session above their R2 resistance levels, and NASDAQ 100 above its R1. Today, all three of them are rising even more. From the data front, all eyes will be focused on nonfarm payrolls, which will be published today. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
That was a great bullish session for the S&P 500. The price set its new all-time high and finished the day above the R2 resistance level. Today it is rising even more. If the buyers continue generating firm demand, the price might even reach 3900 today. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 also performed pretty well yesterday. The price went up and finished the day above the R1 resistance level. Today it is rising even more. It has already set the new all-time high this morning. If the buyers continue generating firm demand, the price should rise above the R1 today. But if the bears counterattack, the price could drop to the Pivot Point.
Dow Jones Industrial Average
That was a great bullish session for the DJIA index as well. The price went up strongly and finished the day above the R2 resistance level. Today it is rising even more. If the buyers continue generating firm demand, the price should hold above 31000 today. But if the bears counterattack, the price could drop to the Pivot Point.
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