The American indices surprisingly went down yesterday. Today, all three of them are rising, though. From the data front, the CPI and core CPI in October will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped significantly yesterday. The price finished the session a little below the S1 support level, at 4675. However, it is rising today. If the buyers continue generating sufficient demand, the price might reach 4690 in the next hours.But if the bears counterattack, the price could fall below the S1.
NASDAQ 100
NASDAQ 100 was the weakest one yesterday. The price dropped heavily and finished the session slightly below the S2 support level. However, it is rising today. If the buyers continue generating sufficient demand, the price might reach 16300 in the next hours. But if the bears counterattack, the price could fall to 16100.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session slightly above the S1 support level. Today, it is rising, though. If the buyers continue generating sufficient demand, the price might reach the R1 resistance level today. But if the bears counterattack, the price could fall below the S1.
