Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average dropped significantly, but the NASDAQ 100 showed mixed sentiment. Today, all three of them are rising, though. From the data front, the GDP in Q1 will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 dropped significantly yesterday. In the evening, the price even went down below the S1 support level and 4070, but during the last hour of the American trading session, it managed to rise. In consequence, the price finished the day a little above the S1, at 4085.
However, it is going up significantly today. If the buyers continue generating firm demand, the price might even reach the R1 resistance level and 4110 today. But if the bears counterattack, the price could fall below the Pivot Point and reach 4080.
NASDAQ 100
NASDAQ 100 was really volatile yesterday. In the late afternoon the price started going down significantly. In the evening it even dropped below 12900, but during the last hour of the American trading session, it managed to rise. In consequence, the price finished the day slightly above the Pivot Point and 12950.
However, it is going up significantly today. Right now the bulls are attacking the EMA 200 and 13000. If they do it successfully, the price might rise above the R1 resistance level and reach 13050 today. But if they fail, the price could fall to 12950 and the Pivot Point.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. In the evening, the price even went down below the S2 support level and 33400, but during the last hour of the American trading session, it managed to rise. In consequence, the price finished the day a little above the S2, slightly above 33400.
However, it is going up significantly today. Right now the bulls are attacking the Pivot Point and 33500. If they do it successfully, the price might rise above 33600 today. But if they fail, the price could fall to 33400.
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