Yesterday was a great bullish session for the American indices. All three of them rose strongly and set their new all-time highs. Today, the S&P 500 and the Dow Jones Industrial Average are showing mixed sentiment, but the NASDAQ 100 is going down. From the data front, building permits in March will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
Yesterday was an amazing bullish session for the S&P 500. The price rose high above the R2 resistance level and set the new all-time high. Today it is showing mixed sentiment. If the bulls show their strength once again, the price might reach 4180 today. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly and set the new all-time high yesterday. The price rose above the R1 resistance level. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could even fall to the EMA 200. But if they do, the price should return above 14000.
Dow Jones Industrial Average
The DJIA index performed greatly yesterday as well. The price finished the day a little below the R2 resistance level and set the new all-time high. Today it is showing mixed sentiment. . If the bulls show their strength once again, the price might finally reach 34000 today. But if the bears counterattack, the price could drop to the Pivot Point.
SSL Secured