On Friday, the American indices performed differently. The S&P 500 slightly dropped, the Dow Jones Industrial Average finished the session below the S1 support level and NASDAQ 100 managed to rise a bit. Today all three indices are rising, though. From the data front, the February manufacturing PMI index will be published today in the US. Anyway, let’s move on to the analysis, S&P 500 first:

S&P 500

The S&P 500 dropped a bit on Friday. The price finished the month slightly above 3800. Today, the price is rising significantly, though. It’s already above the R1 resistance level. If the buyers continue generating firm demand, the price might even reach the R2 today. But if the bears counterattack, the price could fall to the Pivot Point.

SP 500 - 01.03.2021

NASDAQ 100

Surprisingly, NASDAQ 100 managed to rise on Friday. The price even managed to return above 13000, but then it dropped a bit and finished the month a little below 12900. Today, the price is going up strongly, though. It’s already above the R1 resistance level and 13100. If the buyers continue generating firm demand, the price might even reach the R2 today. But if the bears counterattack, the price could return below 13000.

NASDAQ 100 - 01.03.2021

Dow Jones Industrial Average

The DJIA index was the weakest one on Friday. The price dropped significantly and finished the last session of the month below the S1 support level. Today, the price is rising, though. Right now it’s getting close to the R1 resistance level. If the buyers continue generating firm demand, the price might test the EMA 200 today. But if the bears counterattack, the price could drop below the Pivot Point.

Dow Jones Industrial Average - 01.03.2021