Yesterday the American indices managed to rise. The NASDAQ 100 was the strongest one, it finished the session high above the R1 resistance level and the EMA 200. However, all three of them are falling deeply today. From the data front, the CB consumer confidence in November will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was a good bullish session. The S&P 500 rose significantly and finished the day slightly below the R1 resistance level and the EMA 200. However, it is falling deeply today. The price is already below the S1 support level. Right now the bulls are trying to defend 4600. If they do it successfully, the price might reach the Pivot Point. But if they fail, the price could drop below the S2.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price rose strongly and finished the session high above the R1 resistance level and the EMA 200, slightly above 16400. However, it is going down today. Right now the bulls are trying to defend the Pivot Point. If they do it successfully, the price might return above 16400. But if they fail, the price could drop below 16200 and reach the S1 support level.
Dow Jones Industrial Average
The DJIA index managed to rise a bit yesterday. The price finished the session slightly above 35100. However, it is falling deeply today. The price is already below the S2 support level and 34600. If the buyers don’t generate some serious appetite, the price could drop below 34300 today. But if they do, the price might reach 35000 today.
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