Yesterday the S&P 500 and NASDAQ 100 showed mixed sentiment. The Dow Jones Industrial Average dropped a bit, though. However, all three American indices are rising today. From the data front, the PPI in January will be published. Anyway, let’s move on to the analysis, S&P 500 first:

S&P 500

The S&P 500 showed mixed sentiment yesterday. The price tested the S1 support level twice, but managed to rise a bit in the evening and finished the session a little below 4400. However, it is rising strongly today. Right now the price is getting close to the EMA 200. If the buyers continue generating firm demand, the price might go up above the R2 resistance level and reach 4480. But if the bears counterattack, the price could drop below today’s R1.

SP 500

NASDAQ 100

NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session at 14270. However, it is rising strongly today. Right now the price is getting close to the EMA 200. If the buyers continue generating firm demand, the price might go up above the R2 resistance level and reach 14600. But if the bears counterattack, the price could drop below today’s R1.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index was the weakest one yesterday. The price dropped a bit and finished the session below 34500. However, it is rising strongly today. The price is already above the R1 resistance level. If the buyers continue generating firm demand, the price might go up above today’s R2 and 35000. But if the bears counterattack, the price could fall below today’s R1 and 34600.

Dow Jones