Yesterday the American indices rose significantly. However, all three of them are going down today. From the data front, all eyes will be focused on the U.S. Federal Open Market Committee’s interest rate decision and the press conference. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was a good bullish session. The S&P 500 rose strongly and finished the day high above the R1 resistance level, slightly below 4040. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to 4010. But if they do, the price might reach 4040.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price rose strongly and finished the day slightly above the R2 resistance level, slightly below 12880. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could even drop 12750. But if they do, the price might reach 12900.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price finished the session a little above the R1 resistance level, slightly below 32800. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 32600. But if they do, the price might reach 32800.
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