On Friday the American indices showed mixed sentiment. Today, all three of them are rising, though. From the data front, durable goods orders in August will be published. Anyway, let’s move on to the analysis, S&P 500 first:
The S&P 500 showed mixed sentiment on Friday. The price finished the week slightly below 4450. Today, it is rising, though. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might rise above the R2 today. but if they fail, the price could fall below the Pivot Point.
NASDAQ 100 also showed mixed sentiment on Friday. First the price dropped to the S1 support level, but in the afternoon it managed to rise and finished the last session of the week above the Pivot Point and 15300. During today’s Asian trading session the price rose even more, but this morning it started going down a bit. If the buyers don’t generate some appetite soon, the price could fall below the Pivot Point. But if they do, the price might rise high above the R1 resistance level and 15400.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment on Friday as well. The price finished the week slightly below 34700. Today, it is rising, though. The price is already above the R1 resistance level. If the buyers continue generating firm demand, the price might rise above the R2 and even reach 35000 today. But if the bears counterattack, the price could fall to the Pivot Point.