Yesterday the American indices dropped heavily. Today all three of them are rising slowly, though. From the data front, the CPI and core CPI in October will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped deeply yesterday. The price finished the session a little below the S2 support level, slightly below 3760. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might go up above 3780 and reach the Pivot Point. But if the bears counterattack, the price could drop below 3750.
NASDAQ 100
NASDAQ 100 also dropped heavily yesterday. The price finished the session significantly below the S1 support level, a little above 10840. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might go up above 10900 and reach the Pivot Point. But if the bears counterattack, the price could drop below 10800.
Dow Jones Industrial Average
The DJIA index dropped heavily yesterday as well. The price finished the session a little above the S2 support level, slightly below 32550. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might go up above the EMA 200 and the Pivot Point and even reach 32800 today. But if the bears counterattack, the price could drop to 32400.
SSL Secured