Yesterday the American indices performed differently. The Dow Jones Industrial Average dropped heavily, the S&P 500 dropped a bit, but the NASDAQ 100 showed mixed sentiment. Today all three of them are rising, though. From the data front, the Philadelphia Fed manufacturing index in November will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped a bit yesterday. The price finished the session slightly above the EMA 200. However it is rising significantly today. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might reach today’s R2. But if the bears counterattack, the price could fall to the EMA 200.
NASDAQ 100
NASDAQ 100 showed mixed sentiment yesterday. First the price rose above the R1 resistance level. Then it dropped and finished the session at 16320. Today it is rising significantly, though. If the buyers continue generating firm demand, the price might reach 16450 today and set the new all-time high. But if the bears counterattack, the price could drop below the Pivot Point.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped heavily and finished the session significantly below the S1 support level. However it is rising strongly today. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might reach the R1 resistance level and 36000 today. But if the bears counterattack, the price could drop below 35800.
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