Yesterday was an amazing bullish session for the American indices. All three of them set their new all-time highs. And today, they seem to be rising even more. From the data front, the initial jobless claims in the US and Philadelphia Fed manufacturing index will be published. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
That was a great bullish session for the S&P 500. The price finished the day on the R3 resistance level and set its new all-time high. Today it is rising even more. If the buyers continue generating firm demand, the price might even reach 3870 today. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 also performed greatly yesterday. The price set its new all-time high and finished the day above 13300. Today it is rising even more. If the buyers continue generating firm demand, the price might reach the R1 resistance level. But if the bears counterattack, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index also performed really well yesterday. The price set its new all-time high and finished the day a little below the R2 resistance level. Today it is rising even more, but at a much slower pace. If the buyers continue generating firm demand, the price might reach the R1 resistance level. But if the bears counterattack, the price could drop to the EMA 200.