Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 rose significantly, but the Dow Jones Industrial Average showed mixed sentiment. Today all three of them are rising slowly, though. From the data front, building permits in September will be published. Anyway let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 rose significantly yesterday. The price finished the session a little below the R1 resistance level. Today it is rising even more. If the buyers continue generating sufficient demand, the price might rise above today’s R1. But if the bears counterattack, the price could drop below the Pivot Point.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price finished the session high above the R2 resistance level, slightly below 15300. Today it is rising even more. If the buyers continue generating sufficient demand, the price might rise above 15400 today. 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 showed mixed sentiment and finished the session slightly above 35100. Today, it is rising a bit, though. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level. But if the bears counterattack, the price could drop below 35000, to the S1 support level.
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