US indices bullish strike is going strong. If the price keeps on rising, SPX will reach 4,000 while NASDAQ and DJIA touch 11,800 and 34,100 respectively.

Yesterday the American indices rose significantly. Today all three of them are going up even more. From the data front, the CPI and core CPI in November will be published. Anyway, let's move on to the analysis, S&P 500 first:

 

S&P 500

The S&P 500 rose strongly yesterday. The price finished the session high above the R1 resistance level, slightly below 3,990. Today it is going up even more above Pivot Point. If the buyers continue generating sufficient demand, the price might rise above 4,000 today. But if the bears counterattack, the price could drop to 3,980.

spx

 

 

NASDAQ 100

NASDAQ 100 also rose significantly yesterday. The price finished the session exactly at the R1 resistance level, a little below 11,700. Today it is going up even more. If the buyers continue generating sufficient demand, the price might even reach 11,800 today. But if the bears counterattack, the price could return below 11,700 and reach 11,680.

nasdaq

 

Dow Jones Industrial Average

The DJIA index rose strongly yesterday as well. The price finished the session high above the R1 resistance level, slightly below 34,000. Today it is going up even more. If the buyers continue generating sufficient demand, the price might rise above 34,100 today. But if the bears counterattack, the price could return below 34,000.

djia

 


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