Yesterday was another great bullish session for the American indices. All three of them rose strongly, NASDAQ 100 was the strongest one. Today, they are still slowly going up. From the data front, the JOLTs job openings in October will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was another fantastic bullish session. The S&P 500 rose strongly and finished the session high above the R2 resistance level, slightly below 4700. Today, it is slowly going up, but the volatility is rather low. If the buyers continue generating sufficient demand, the price might rise above 4710 today. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price rose high above the R2 resistance level and finished the session above 16350. Today it is going up even more. If the buyers continue generating sufficient demand, the price might reach 16500 today. But if the bears counterattack, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index also rose strongly yesterday. The price finished the session at the R2 resistance level. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might rise above 36000 today. But if the bears take control over the market, the price could drop below the Pivot Point.
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