Yesterday the American indices rose significantly. Today all three of them are going up even more. From the data front, the CPI and core CPI in November will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 rose strongly yesterday. The price finished the session high above the R1 resistance level, slightly below 3990. Today it is going up even more. If the buyers continue generating sufficient demand, the price might rise above 4000 today. But if the bears counterattack, the price could drop to 3980.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price finished the session exactly at the R1 resistance level, a little below 11700. Today it is going up even more. If the buyers continue generating sufficient demand, the price might even reach 11800 today. But if the bears counterattack, the price could return below 11700 and reach 11680.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R1 resistance level, slightly below 34000. Today it is going up even more. If the buyers continue generating sufficient demand, the price might rise above 34100 today. But if the bears counterattack, the price could return below 34000.
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