Both SPX and NASDAQ went down yesterday, but DJIA ended up sideways. Today, all three of them are climbing. What will happen next?

Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 went down, but the Dow Jones Industrial Average showed mixed sentiment. Today all three of them are rising, though. From the data front, the ADP nonfarm employment change in November and GDP in Q3 will be published. Anyway, let's start the analysis. S&P 500 first:

 

S&P 500

The S&P 500 went down yesterday. The price finished the session at 3,960. Today it is rising, though. If the buyers continue generating firm demand, the price might go up above 3,980 and even reach the R1 resistance level. But if the bears counterattack, the price could drop to 3,950.

spx

 

NASDAQ 100

NASDAQ 100 was the weakest one yesterday. The price dropped significantly and finished the session below the S1 support level, a little above 11,510. However, it is rising today. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might go up above 11,600 today. But if they fail, the price could fall below 11,500.

nasdaq

 

Dow Jones Industrial Average

The DJIA index was the strongest one yesterday. The price showed mixed sentiment and finished the session slightly below 33,900. Today it is rising slowly, though. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level and the EMA 200. But if the bears counterattack, the price could drop below the Pivot Point and reach 33,800.

djia

 


EXCO offers the ability to trade financial markets on leverage through multiple asset trading platforms. Be that pricing, execution, or promotions, they emphasize that what they advertise is what they give to clients, regardless of the size of their investment.