Yesterday the American indices rose strongly once again. However, all three of them are going down today. From the data front, the ADP nonfarm employment change in September will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was another great bullish session. The S&P 500 rose strongly and finished the day exactly at the R2 resistance level and 3800. However, it is going down today. If the buyers don’t generate some serious appetite, the price could drop below the Pivot Point and reach 3750. But if they do, the price might rise above 3810.
NASDAQ 100
NASDAQ 100 also rose strongly once again yesterday. The price finished the session a little below the R2 resistance level, slightly above 11640. However, it is going down today. If the buyers don’t generate some serious appetite, the price could drop below the Pivot Point and reach 11450. But if they do, the price might rise above 11700.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the day exactly at the R2 resistance level, slightly below 30350. However, it is going down today. If the buyers don’t generate some serious appetite, the price could drop below the Pivot Point and 30000. But if they do, the price might reach 30500.
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