Yesterday, the American indices performed differently. The S&P 500 and NASDAQ 100 rose significantly, but the Dow Jones Industrial Average dropped. Today, all three of them are rising, though. From the data front, the CB consumer index in April will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 managed to rise a bit yesterday. The price finished the day above 4180. Today, it is rising even more. This morning, the price set the new all-time high. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level or even reach 4200. But if the bears counterattack, the price could drop below the Pivot Point.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price returned above 14000 and finished the day a little below the R1 resistance level. Today, it is rising even more. If the buyers continue generating sufficient demand, the price might reach 14100 and set the new all-time high today. But if the bears counterattack, the price could drop below the Pivot Point.
Dow Jones Industrial Average
The DJIA index was much weaker yesterday. The price dropped a bit and finished the day a little above the EMA 200. During today’s Asian session, the price went up, but this morning it started falling once again. If the buyers don’t generate some serious appetite soon, the price could drop below the EMA 200. But if they do, the price might rise above the R1 resistance level and 34000.
SSL Secured