On Friday the American indices performed differently. NASDAQ 100 rose significantly but the S&P 500 and the Dow Jones Industrial Average dropped. Today all three of them are rising, though. From the data front, existing home sales in October will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Friday was a really volatile session. First the S&P 500 rose significantly, set the new all-time high and attacked the R1 resistance level. Then it dropped heavily. In consequence, it finished the last session of the week at the Pivot Point and the EMA 200. However, it is going up today. If the buyers continue generating firm demand, the price might rise above the R1 today and set the new all-time high. But if the bears counterattack, the price could fall to the EMA 200.
NASDAQ 100
NASDAQ 100 rose significantly on Friday. The price set the new all-time high and finished the last session of the week at the R1 resistance level. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 16650 today. But if the bears counterattack, the price could fall below the Pivot Point.
Dow Jones Industrial Average
The DJIA index was the weakest one on Friday. The price dropped heavily and finished the last session of the week below the S1 support level, slightly above 35500. However, it is rising today. The price is already above the Pivot Point. If the buyers continue generating firm demand, the price might rise above the R1 resistance level and the EMA 200. But if the bears counterattack, the price could fall below 35500.