Yesterday all three American indices managed to rise. Today they are going up even more. From the data front, the Q1 GDP will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 managed to rise yesterday. The price finished the session above the Pivot Point, at 4210. Today it is going up even more. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might even reach 4280 and today’s R2. But if they fail, the price could drop to the Pivot Point and 4200.
NASDAQ 100
NASDAQ 100 also managed to rise yesterday. The price finished the session above the Pivot Point, at 13170. Today it is going up even more. Right now the bulls are attacking the R1 resistance level and 13300. If they do it successfully, the price might even reach today’s R2. But if they fail, the price could drop to 13150.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price rose only slightly, it finished the session at 33300. Today it is going up even more. If the buyers continue generating firm demand, the price might reach 33700 and the EMA 200. But if the bears counterattack, the price could drop to the Pivot Point and 33300.
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