Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average went down, but the NASDAQ 100 showed mixed sentiment. Today, all three of them are rising, though. From the data front, all eyes will be focused on the nonfarm payrolls and unemployment rate in August. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was a really interesting session. First, the S&P 500 rose above the R1 resistance level and 4540. Then, at the beginning of the American trading session, it started falling. In consequence, the price finished the day at the Pivot Point, slightly below 4520.
Today, the S&P 500 is rising, though. The price is already above the Pivot Point and 4525. If the buyers continue generating sufficient demand, the price might go up above today’s R1 and even reach 4540. But if the bears counterattack, the price could drop to 4510 today.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price dropped below the Pivot Point and 15460. Then, at noon, it started rising. The price even rose above the R1 resistance level and 15600 at the beginning of the American trading session. After that, it started falling a bit, though. In consequence, the price finished the day a little below 15540.
Today, the NASDAQ 100 is rising slowly. If the buyers continue generating sufficient demand, the price might go up above 15600 and reach today’s R1. But if the bears counterattack, the price could drop below 15500 today.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. First, the price rose above the R1 resistance level and 35160, though. Then, at the beginning of the American trading session, it started falling. In consequence, the price finished the day significantly below the S1 support level, a little above the EMA 200, at 34800.
Today, the Dow Jones Industrial Average is rising, though. The price is already above 34880. If the buyers continue generating sufficient demand, the price might go up above the Pivot Point and reach 35000 today. But if the bears counterattack, the price could drop to the EMA 200 and 34800.
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