During today's Asian trading session, the volatility wasn't increased. From the data front, there will be some fundamental news published in the US today. How is the outlook?

Yesterday, the American indices showed mixed sentiment. During European trading session they went down significantly, but then, during the American trading session, they managed to go up. In consequence, all three of them finished the day on a little higher level than where they began.

During today's Asian trading session, the volatility wasn't increased. From the data front, the Composite and Markit PMI, Initial Jobless Claims and the ISM Non-Manufacturing activity index will be published in the US. Anyway, let's move on to the analysis:

 

S&P 500

The S&P 500 went down a bit at first yesterday. However, in the afternoon it managed to significantly go up and the price finished the day higher than where it started. Today, during the Asian trading session, the volatility wasn't increased, but the bulls seem to defend the Pivot Point.

If they are able to generate some appetite, the price might reach the R1 resistance level today. But if the bears take control over the market, the price could go down to the S1 support level and the EMA 200.

SNP 500 Today

 

NASDAQ 100

NASDAQ 100 dropped even deeper at first yesterday. At the start of the American trading session the price tested the S1 support level. However it also managed to rise above the Pivot Point and finished the day a little higher than where it started.

Today, nothing has really happened yet. If the buyers are able to generate some appetite, the price might reach the R1 resistance level. But if the bears take control over the market, the price could go down to the S1 and the EMA 200.

NASDAQ 100 Today

 

Dow Jones Industrial Average

The DJIA index also went down during European trading session yesterday and then, in the afternoon, it managed to significantly go up and breach the EMA 200 and the Pivot Point. Today, the price has only shown mixed sentiment yet.

If the buyers are able to generate some real demand today, the price might test the R1 resistance level and 30,000. However, if the bears take control over the market, the price could go down to the S1 support level.

DJIA Today

 


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