Yesterday, the American indices one more time performed differently. NASDAQ 100 and S&P 500 dropped heavily and Dow Jones Industrial Average showed mixed sentiment. Today, all three of them are rising, though. From the data front, the Q4 GDP will be published in the US. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
That was a very interesting and volatile session yesterday. First, the S&P 500 rose strongly and tested the R1 resistance level. Then, in the late afternoon, it dropped heavily. In consequence, the price finished the day a little above the S1 support level. Today, the S&P 500 is rising, though. If the buyers continue generating sufficient demand, the price might even reach the R1 today. But if the bears counterattack, the price could fall below 3875.
NASDAQ 100
NASDAQ 100 was even weaker yesterday. First the price also rose strongly and tested the R1 resistance level. Then, in the late afternoon, it dropped heavily and finished the day significantly below the S2 support level. Today, the price is rising, though. If the buyers continue generating the appetite, the price might reach the EMA 200 today. But if the bears counterattack, the price could even fall to the S1.
Dow Jones Industrial Average
Surprisingly, the DJIA index was the strongest one yesterday. First the price went up strongly and managed to rise above the R1 resistance level. Then, in the late afternoon, it dropped significantly, but still the price finished the session at slightly higher level than when it started. Moreover, the price is rising today. If the buyers continue generating sufficient demand, the price might even reach the R1 today. But if the bears counterattack, the price could fall to 32000.
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