Dow, NASDAQ, and S&P 500 are trading mixed on Friday as commodity prices rally into a new all-time high. Metals hit records thanks to strong demand from China and other countries.

Yesterday, the American indices rose strongly. The S&P 500 and the Dow Jones Industrial Average finished the session above their R2 resistance levels, and the NASDAQ 100 ended the day at the R1. Today, they are showing mixed sentiment and the volatility seems to be pretty low. From the data front, all eyes will be on the nonfarm payrolls in April, which will be published in the afternoon. Anyway let's start the analysis, S&P 500 first:

 

S&P 500

That was a really strong bullish session. The S&P 500 managed to rise significantly and finished the day above the R2 resistance level. Today, it is showing mixed sentiment though, and the volatility is rather low. If the buyers show their strength once again, the price might rise above 4,200 today or even set the new all-time high. But if the bears take control over the market, the price could drop to the Pivot Point.

s&p 500 today

NASDAQ 100

NASDAQ 100 was a bit weaker yesterday, but it also rose significantly. The price finished the session at the R1 resistance level and 13,600. Today, it is showing mixed sentiment though, and the volatility is rather low. If the buyers show their strength the price could even reach the R2. But if the bears take control over the market, the price could drop to the Pivot Point.

nasdaq 100 today

Dow Jones Industrial Average

The DJIA index was also very strong yesterday. The price set the new all-time high and finished the session above the R2 resistance level. Today, it is showing mixed sentiment though, and the volatility is rather low. If the buyers show their strength once again, the price might attack and stay above 34,500 today. But if the bears take control over the market, the price could drop to the Pivot Point.

djia today

 


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