Yesterday the American indices once again performed differently. This time the S&P 500 and the Dow Jones Industrial Average rose significantly, but the NASDAQ 100 dropped slightly. However, all three of them are going up today. From the data front, all eyes will be focused on the nonfarm payrolls in August. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
Yesterday was a good bullish session for the S&P 500. The price rose significantly, set the new all-time high and finished the day above the R1 resistance level. Today the price is going up even more. If the buyers continue generating firm demand, the price might rise above 4550 today. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
Yesterday was an interesting and volatile session. First, NASDAQ 100 rose and tested the R1 resistance level. Then it dropped significantly and tested the S1 support level. In the evening it managed to rise a bit and finished the session at 15600. Today the price is still going up. If the buyers continue generating firm demand, the price might rise above today’s R1 and set the new all-time high. But if the bears counterattack, the price could fall to the EMA 200.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday. The price finished the session near the R1 resistance level. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 35550 and set the new all-time high today. But if the bears counterattack, the price could drop to the EMA 200 and the Pivot Point.
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