Yesterday the American indices went down. Today all three of them are rising, though. From the data front, the U.S. Federal Open Market Committee (FOMC) minutes from the last meeting will be published. Anyway, let’s move on to the the analysis, S&P 500 first:
S&P 500
The S&P 500 went down yesterday. The price finished the session below the Pivot Point, slightly above 3840. However, it is rising today. If the buyers continue generating firm demand, the price might even reach 3880 today. But if the bears counterattack, the price could drop below the Pivot Point and return below 3850.
NASDAQ 100
NASDAQ 100 also went down yesterday. The price finished the session below the Pivot Point, at 10940. However, it is rising today. If the buyers continue generating firm demand, the price might even reach 11100. But if the bears counterattack, the price could drop below 11000, the EMA 200 and the Pivot Point.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session below the EMA 200, a little below 33250. However, it is rising today. If the buyers continue generating firm demand, the price might even reach 33500. But if the bears counterattack, the price could drop to 33300.
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