Amid the rise in the index, traders should anticipate the moves that will come ahead of the announcement of important data from the US and Europe.

Yesterday the American indices finally showed some real strength after a couple of weak days. Are they able to continue that move today? We'll try to guess in the analysis. Also today some important data will be published, particularly manufacturing PMI, services PMI, and Markit composite PMI. Firstly in the Eurozone, one hour later in the UK, and in the afternoon finally in the US. So, let's start with the S&P 500:

stock index analysis

 

S&P 500

During the strong bullish session yesterday, the S&P 500 was getting close to the EMA 200. This morning the price finally tested it. For now without a success, but it is still close, so the bulls can try one more time pretty soon. If they manage to breach it, the price might even go higher and attack the R1 resistance level. If not, the price could fall to the Pivot Point or even breach it and test the S1 support level.

snp analysis

 

NASDAQ 100

This week, NASDAQ 100 is undeniably the strongest index in the US. Yesterday, it significantly went upwards and beat the EMA 200. During today's Asian trading session, at first, it fell to the Pivot Point, then it bounced and now it is at the same level as at the end of yesterday's session. If the bulls still generate sufficient appetite, the price might even attack 11250 today. However, if not, the price could go down to the Pivot Point once again or even breach it and test the EMA 200.

nasdaq analysis

 

Dow Jones Industrial Average

The DJIA index looks similar to the S&P 500 this week, but it's a bit weaker. During yesterday's session and last night, it was getting close to the EMA 200 but still hasn't tested it yet. Furthermore, it has to beat the R1 resistance level, which the bulls are trying to do right now. When they do it successfully, the EMA 200 will be extremely close. If the bulls are strong enough to breach it, the price might go even higher, near 27500. However, if they are not, the price could fall to the Pivot Point or even test 27000.

djia analysis

 

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