Yesterday, the American indices performed differently. The S&P 500 and the NASDAQ 100 showed mixed sentiment and the Dow Jones Industrial Average rose significantly and set the new all-time high. Today, all three of them are rising. From the data front, weekly initial jobless claims will be published today. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday. The bulls weren’t strong enough to hold above the EMA 200, so the price dropped in the evening. However, it is rising significantly today. If the buyers continue generating firm demand, the price might even reach the R2 resistance level today. But if the bears counterattack, the price could fall below the Pivot Point.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The bulls weren’t strong enough to hold above the Pivot Point, so the price dropped in the evening. However, it is rising significantly today. If the buyers continue generating firm demand, the price might rise above the R1 resistance level today. But if the bears counterattack, the price could fall to the S1 support level.
Dow Jones Industrial Average
The DJIA index once again was definitely the strongest one. The price rose significantly, set the new all-time high and finished the day slightly below the R1 resistance level. Today, it is rising even more. If the buyers continue generating firm demand, the price might even reach 34400 today. But if the bears counterattack, the price could drop to the Pivot Point.
SSL Secured