Yesterday was a great bullish session. All three American indices rose strongly. Today, they are showing mixed sentiment, though. From the data front, the U.S. Federal Open Market Committee (FOMC) minutes from the last meeting will be published. Anyway, let’s move on to the 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 $2 resistance level, slightly below 4010. Today it is still going up a bit. If the buyers continue generating sufficient demand, the price might rise above 4020 today. But if the bears counterattack, the price could drop below 4000.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session high above the R1 resistance level, a little below 11740. Today it is still going up a bit. If the buyers continue generating sufficient demand, the price might rise above 11800 today. But if the bears counterattack, the price could drop below 11700.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R2 resistance level and 34100. Today it is showing mixed sentiment and the volatility is rather low, though. If the buyers show their strength once again, the price might go up above 34200 today. But if the bears take control over the market, the price could drop to 34000.
SSL Secured