Yesterday the American indices showed mixed sentiment and the volatility was really low. Still, they set their new all-time highs. Today, all three of them are rising significantly, though. From the data front, the CPI and core CPI in January will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday. The volatility was really low and the price finished the session at the same level, where it began. It is rising significantly today, though. Right now the price is above the R1 resistance level, near 3920. If the buyers continue generating firm demand, the price might rise even more and hold above the R2. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price tested 13700 and set its new all-time high, but the bulls weren’t strong enough to beat the R1 resistance level. In consequence, the price finished the day slightly below 13700. However it is rising significantly today. The price is already above today’s R1. If the buyers continue generating firm demand, the price might reach 13800 in the next few hours. But if the bears counterattack, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday as well. The volatility was really low and the price finished the session a little higher than where it began. However, it is rising significantly today. Right now the bulls are attacking the R1 resistance level. If the buyers continue generating firm demand, the price should hold above that level for the rest of the day. But if the bears counterattack, the price could drop to the Pivot Point.
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