Yesterday was another fantastic bullish session for the American indices. All three of them rose strongly and set their new all-time highs. Today, they are showing mixed sentiment and the volatility is rather low. From the data front, weekly initial jobless claims will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was a great bullish session. The S&P 500 rose strongly, set the new all-time high and finished the day high above the R2 resistance level, at 4650. Today the price is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might reach 4680 today. But if the bears take control over the market, the price could drop below the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price set the new all-time high and finished the session high above the R2 resistance level, at 16150. Today it is still rising, but slowly. If the buyers continue generating sufficient demand, the price might reach 16250 today. But if the bears counterattack, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price set the new all-time high and finished the session above the R1 resistance level, slightly above 36000. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might reach 36200 today. But if the bears take control over the market, the price could drop below the Pivot Point.
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