Yesterday was a fantastic session for the American indices. All three of them finished the day high above their R2 resistance levels. Today, the S&P 500 and the Dow Jones Industrial Average are rising even more, but the NASDAQ 100 is showing mixed sentiment. From the data front, retail sales in September will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was an amazing bullish session. The price rose strongly and finished the session a little below the R3 resistance level, at 4435. Today it is rising even more. If the buyers continue generating sufficient demand, the price might go up above 4450 today. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session high above the R2 resistance level and 15000. Today it is showing mixed sentiment, though. If the buyers show their strength once again, the price might reach 15200 today. But if the bears take control over the market, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R2 resistance level and 34800. Today it is rising even more. If the buyers continue generating sufficient demand, the price might go up above 35000 today. But if the bears counterattack, the price could drop to the Pivot Point.
SSL Secured