Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 managed to rise, but the Dow Jones Industrial Average went down. Today all three of them are falling, though. From the data front, all eyes will be focused on the nonfarm payrolls, unemployment rate and the ISM non-manufacturing PMI, all in January. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 managed to rise yesterday. The price finished the session above 4160. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might reach the Pivot Point and 4170.
NASDAQ 100
NASDAQ 100 also managed to rise yesterday. The price finished the session a little above 12670. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 12500 and reach the S1 support level. But if they do, the price might rise above 12700 and reach the Pivot Point.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price went down and finished the session a little above 34000. Today, it is still falling. If the buyers don’t generate some serious appetite soon, the price could drop below 33900. But if they do, the price might rise above 34100.
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