Yesterday was a great bullish session for US indices, but today the prices are going down. If this continues SPX, NASDAQ, and DJIA will reach 4,070, 11,950, and 34,500.

Yesterday was a shocking bullish session. All three American indices rose strongly and finished the day above their R3 resistance levels. However, they are going down today. From the data front, the ISM manufacturing PMI in November will be published. Anyway, let's move on to the analysis. S&P 500 first:

 

S&P 500

Yesterday was a shockingly strong bullish session. The S&P 500 finished the day high above the R3 resistance level, slightly above 4,090. However, it is going down today although it's still above Pivot Point. If the buyers don't generate some serious appetite soon, the price could drop below 4,070 today. But if they do, the price might even reach 4,100.

spx

 

NASDAQ 100

NASDAQ 100 also showed some real strength yesterday. The price finished the session above the R3 resistance level, slightly above 12,070. However, it is going down today. If the buyers don't generate some serious appetite soon, the price could even drop to 11,950. But if they do, the price might reach 12,100.

nasdaq

 

Dow Jones Industrial Average

The DJIA index rose strongly yesterday as well. The price finished the session high above the R3 resistance level, slightly above 34,600. Today it is going down slowly, though. If the buyers don't generate some serious appetite soon, the price could drop to 34,500. But if they do, the price might reach 34,700.

djia

 

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