Yesterday was a shocking bullish session. All three American indices rose strongly and finished the day above their R3 resistance levels. However, they are going down today. From the data front, the ISM manufacturing PMI in November will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was a shockingly strong bullish session. The S&P 500 finished the day high above the R3 resistance level, slightly above 4090. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 4070 today. But if they do, the price might even reach 4100.
NASDAQ 100
NASDAQ 100 also showed some real strength yesterday. The price finished the session above the R3 resistance level, slightly above 12070. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could even drop to 11950. But if they do, the price might reach 12100.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R3 resistance level, slightly above 34600. Today it is going down slowly, though. If the buyers don’t generate some serious appetite soon, the price could drop to 34500. But if they do, the price might reach 34700.
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