NASDAQ, S&P 500, and Dow rebound following the surprise from strong retail sales. The number unexpectedly rose 0.7% in August, exceeding expectations.

Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average dropped. On the other hand, the NASDAQ 100 showed mixed sentiment. Today, all three of them are rising, though. What can they do next? Let's try to answer that question in analysis, S&P 500 first:

 

S&P 500

The S&P 500 went down yesterday. First, the price dropped significantly below the S1 support level, but in the late afternoon, it rose and finished the session near 4,460. Today, the price is still rising. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level today. But if the bears counterattack, the price could fall below the Pivot Point.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 showed mixed sentiment yesterday. First, the price dropped to the S1 support level, but in the late afternoon, it rose and finished the session slightly below 15,500. Today, the price is still rising. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level today. But if the bears counterattack, the price could fall below the Pivot Point.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index was the weakest one yesterday. The price dropped significantly and finished the session at the S1 support level. However, it is rising today. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level today. But if the bears counterattack, the price could fall below 34,500.

djia today

 


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