Yesterday all three American indices managed to rise. Today, the S&P 500 and the Dow Jones Industrial Average are rising, but the NASDAQ 100 is having mixed sentiment. From the data front JOLTs job openings in November will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was a really volatile session. First the S&P 500 rose to the R2 resistance level, then it dropped heavily and tested the S1 support level. After that, it went up once again and finished the session above the R1 and 4780. Today it is rising even more. If the buyers continue generating firm demand, the price might go up above 4800 and set the new all time high. But if the bears counterattack, the price could fall below 4780.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price went up high above the R1 resistance level and finished the session at 14500. Today it is showing mixed sentiment, though. If the buyers show their strength once again, the price might reach today’s R1. But if the bears take control over the market, the price could drop to the EMA 200 and the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price went up high above the R1 resistance level and finished the session above 36400. Today it is rising even more. If the buyers continue generating firm 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 below 36400.
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