Yesterday the American indices went down. However, all three of them are rising today. From the data front, all eyes will be focused on the Federal reserve interest rate decision and press conference today. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 went down yesterday. The price finished the session at the S1 support level, a little below 3940. However, it is rising today. If the buyers continue generating firm demand, the price might go up above the R1 resistance level and reach 3980 today. But if the bears counterattack, the price could return below the EMA 200 and 3950.
NASDAQ 100
NASDAQ 100 also went down yesterday. The price finished the session slightly below the S1 support level and 12200. However, it is rising today. The price is already above 12300. If the buyers continue generating firm demand, the price might go up above the R1 resistance level and reach 12400 today. But if the bears counterattack, the price could return below the Pivot Point and reach 12200.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session a little above 31750, slightly below the EMA 200. However, it is rising strongly today. If the buyers continue generating firm demand, the price might go up above the R1 resistance level and even reach 32000. But if the bears counterattack, the price could return below the Pivot Point and the EMA 200.
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