US indices mixed after yesterday's bullish session. Right now, all eyes focus on the FOMC meeting minutes. What will happen next?
Yesterday was a great bullish session. All three American indices rose strongly. Today, they are showing mixed sentiments, though. From the data front, the U.S. Federal Open Market Committee (FOMC) minutes from the last meeting will be published. Anyway, let’s move on to the analysis. S&P 500 first:
Yesterday was a great bullish session. The S&P 500 rose strongly and finished the session high above the $2 resistance level, slightly below 4,010. Today it is still going up a bit. If the buyers continue generating sufficient demand, the price might rise above 4,020 and Pivot Point today. But if the bears counterattack, the price could drop below 4,000.
NASDAQ 100 also rose strongly yesterday. The price finished the session high above the R1 resistance level, a little below 11,740. Today it is still going up a bit. If the buyers continue generating sufficient demand, the price might rise above 11,800 today. But if the bears counterattack, the price could drop below 11,700.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R2 resistance level and 34,100. Today it is showing mixed sentiment and the volatility is rather low, though. If the buyers show their strength once again, the price might go up above 34,200 today. But if the bears take control over the market, the price could drop to 34,000.
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