Dow mixed while NASDAQ and S&P 500 fall a bit ahead of US jobs data release. The US is expected to add 550,000 new jobs, slightly higher than October's number.

Yesterday the American indices managed to rise. The Dow Jones Industrial Average was the strongest one, it finished the session at the R1 resistance level. Today, the DJIA index is showing mixed sentiment and the other two indices are going down a bit. From the data front, all eyes will be focused on nonfarm payrolls and the unemployment rate, both in November, today. Anyway, let's start the analysis, S&P 500 first:

 

S&P 500

The S&P 500 rose significantly yesterday. The price finished the session above the Pivot Point, at 4,585. Today, it is going down a bit, though. If the buyers don't generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might rise above the EMA 200 and 4,600.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 also managed to rise yesterday. The price finished the session slightly above 16,000. Today, it is going down a bit, though. Right now the bulls are trying to defend the Pivot Point. If they do it successfully, the price might even reach the R1 resistance level and the EMA 200. But if they fail, the price could drop to the S1 support level.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index was the strongest one yesterday. The price finished the session at the R1 resistance level. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even rise above today's R1 and reach 35,000. But if the bears take control over the market, the price could drop below the Pivot Point and 34,500.

djia today

 


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