Yesterday was a great bullish session for the American indices. All three of them rose strongly. However, they are going down slowly today. From the data front, the CPI and core CPI in January 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 and finished the session high above the R2 resistance level, a little above 4580. However, it is falling slowly today. If the buyers don’t generate some serious appetite soon, the price could drop below 4530 today. But if they do, the price might go up above 4590.

SP 500

NASDAQ 100

NASDAQ 100 also rose strongly yesterday. The price finished the session high above the R2 resistance level, a little above 15050. However, it is going down a bit today. If the buyers don’t generate some serious appetite soon, the price could drop to 14900. But if they do, the price might reach 15100.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index rose strongly yesterday as well. The price finished the session slightly below the R2 resistance level, above 35700. However, it is falling slowly today. If the buyers don’t generate some serious appetite soon, the price could drop to 35500 today. But if they do, the price might go up above 35800.

Dow Jones