Yesterday the American indices rose strongly once again. Today, all three of them are showing mixed sentiment. The volatility is really low, though. From the data front, all eyes will be focused on the nonfarm payrolls and unemployment rate in October. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was another great, bullish session. After rising strongly all day, the S&P 500 finished the session high above the R2 resistance level, a little below 4330. Today, the price is showing mixed sentiment. The volatility is really low, though. If the buyers show their strength once again, the price might reach 4350 today. But if the bears take control over the market, the price could fall to the Pivot Point.
NASDAQ 100
NASDAQ 100 also was really bullish yesterday. After rising strongly for many hours, the price went up above the R1 resistance level and 15010 in the evening. However, during the last 60 minutes of the American trading session, it dropped a bit. In consequence, the price finished the day slightly below 14950.
Today, the NASDAQ 100 is showing mixed sentiment. The volatility is really low, though. If the buyers show their strength once again, the price might even reach today’s R1 and 15050. But if the bears take control over the market, the price could fall below the Pivot Point and reach 14850 today.
Dow Jones Industrial Average
The DJIA index was really bullish yesterday as well. After rising strongly all day, the price finished the session high above the R2 resistance level, at 33900. During today’s Asian trading session, it reached 33970. Then, in the morning, the price started falling slowly. If the buyers don’t generate some serious appetite soon, the price could even drop to the Pivot Point today. But if they do, the price might reach 34050.
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