Yesterday, the American indices performed differently. The S&P 500 and NASDAQ 100 showed mixed sentiment, but the Dow Jones Industrial Average dropped significantly. Today, all three of them are rising strongly, though. From the data front, the GDP in Q1 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 bulls managed to set the new all-time high in the evening, though. Today, the price is rising strongly. It went up above the R1 resistance level and right now the price is trying to stay above 4200. If the buyers continue generating firm demand, the price might rise above the R2. But if the bears counterattack, the price could drop below the R1.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price tested the S1 support level several times, but the bulls successfully defended it and finished the day a little below the Pivot Point. Today, the price is rising significantly. Right now it is trying to stay above 14000. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level. But if the bears counterattack, the price could drop to the Pivot Point and the EMA 200.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped below the S1 support level. Today, it is rising strongly, though. Right now it is above the R1 resistance level and the EMA 200. If the buyers continue generating firm demand, the price might reach the R2 today. But if the bears counterattack, the price could fall below the R1.
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