NASDAQ, Dow, and S&P 500 climb near Pivot Point level as investors await US Consumer Prices that could be critical to the Fed's decision on tapering plan.

Friday was a shocking session for the American indices. All three of them dropped deeply. However, they are rising today. 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 dropped heavily on Friday. The price finished the last session of the week at the S2 support level. Today, the S&P 500 is rising, though. The price is already above Pivot Point. If the buyers continue generating firm demand, the price might reach the R1 resistance level today and 4500. But if the bears counterattack, the price could fall below 4,450.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 also dropped deeply on Friday. The price finished the last session of the week at the S2 support level. Today, it is rising, though. If the buyers continue generating firm demand, the price might reach the EMA 200 today. But if the bears counterattack, the price could fall to 15,400.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index dropped significantly on Friday as well. The price finished the last session of the week below the S1 support level. Today, it is rising, though. Right now the price is at the Pivot Point. If the buyers continue generating firm demand, the price might reach the R1 resistance level today. But if the bears counterattack, the price could fall below 34,600.

djia today

 

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