Yesterday was a great bullish session. All three American indices rose strongly. Today they are going down a bit, though. From the data front, the CPI in January 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 day high above the R2 resistance level, a little below 4150. However, it is going down a bit today. The volatility is really low, though. If the buyers don’t generate some serious appetite soon, the price could drop to 4130. But if they do, the price might reach 4160 today.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session at the R2 resistance level, slightly above 12540. However, it is going down today. The volatility is really low, though. If the buyers don’t generate some serious appetite soon, the price could drop below 12480 and reach the EMA 200. But if they do, the price might even reach 12600 today.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R2 resistance level, slightly below 34300. Today it is showing mixed sentiment. The volatility is really low, though. If the buyers show their strength once again, the price might even reach 34350. But if the bears take control over the market, the price could drop to 34150.
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