Yesterday, the American indices one more time performed differently. NASDAQ 100 was very strong, the S&P 500 also went up significantly, but the Dow Jones industrial Average only showed mixed sentiment with rather low volatility. Today, all three of them are showing mixed sentiment. From the data front, the February CPI and core CPI will be published in the US. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
That was a good bullish session for the S&P 500 yesterday. The price finished the day at the R1 resistance level. During today’s Asian trading session, it dropped a bit, but this morning the price managed to rise once again. If the buyers continue generating sufficient demand, the price might also reach the R1 today. But if the bears counterattack, the price could fall to the EMA 200.
NASDAQ 100
NASDAQ 100 was definitely the strongest one yesterday. The price finished the session significantly above the R1 resistance level. During today’s Asian trading session, it dropped a bit, but this morning the price started going up once again. If the buyers continue generating sufficient demand, the price might rise above 12900 today. But if the bears counterattack, the price could fall to the EMA 200 and the Pivot Point.
Dow Jones Industrial Average
The DJIA index was surprisingly weak yesterday. The price showed mixed sentiment and even dropped a bit during the last hours of yesterday’s session. However, this morning the price started going up. If the buyers continue generating firm demand, the price might rise above the R1 resistance level today. But if they don’t, the price could fall below the EMA 200 and the S2 support level.
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