Yesterday the American indices performed differently. The Dow Jones Industrial Average managed to rise, the S&P 500 showed mixed sentiment, and NASDAQ 100 dropped. Today, all three of them are showing mixed sentiment. From the data front, there will be many important publications, such as core durable goods order in October, new home sales in October and GDP in Q3. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday. First the price dropped and tested the S1 support level, then it went up in the evening and finished the session slightly above 4680. Today the price is showing mixed sentiment. If the buyers take control over the market, the price might reach the R1 resistance level and 4700 today. But if the bears show their strength, the price could fall to the S1.
NASDAQ 100
NASDAQ 100 was the weakest one yesterday. The price went down and finished the session a little below 16300. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach the R1 resistance level today. But if the bears show their strength once again, the price could fall to the S1 support level.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price rose significantly and finished the session a little above the EMA 200. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might reach the R1 resistance level today. But if the bears take control over the market, the price could drop to the S1 support level.
SSL Secured