Yesterday was a good bullish session. The American indices rose strongly and finished the session above their R2 resistance levels. Today all three of them are going down slowly. The volatility is really low, though. From the data front, the CPI in December will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was a great bullish session. The S&P 500 rose strongly and finished the session high above the R2 resistance level, slightly above 3990. Today it is going down a bit. The volatility is really low, though. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and reach 3970. But if they do, the price might rise above 4000.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session high above the R2 resistance level, slightly above 11470. Today it is going down a bit. The volatility is really low, though. If the buyers don’t generate some serious appetite soon, the price could drop to the Pivot Point. But if they do, the price might go up above 11500 today.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session a little above the R2 resistance level and 34120. Today, it is going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and 34000 today. But if they do, the price might rise above 34150.
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