NASDAQ, S&P500, and Dow bounce back near Pivot as investors anticipate the release of Q4 earnings from Apple, Tesla, Microsoft, Intel, and other tech companies.

On Friday the American indices went down significantly once more. All three of them finished the last session of the week below their S1 support levels. Today, they are slowly rising, though. From the data front, manufacturing PMI, markit composite PMI, and services PMI - all in January, will be published. Anyway, let's start the analysis, S&P 500 first:

 

S&P 500

On Friday, the S&P 500 dropped significantly once again. The price finished the last session of the week slightly below the S1 support level and 4,390. However, it is rising today. The price is already above 4,410 and it is attacking the Pivot Point. If the bulls do it successfully, the price might even reach the R1 resistance level and 4,450. But if they fail, the price could return to 4,390.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 also dropped significantly on Friday. The price finished the last session of the week slightly below the S1 support level. However, it is rising today. Right now, the bulls are attacking the Pivot Point. If they do it successfully, the price might even reach the R1 resistance level and 14,700. But if they fail, the price could go down below 4,430.

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 a little below the S1 support level. However, it is rising today. The price is already above Pivot Point. If the buyers continue generating firm demand, the price might rise above the R1 resistance level and reach 34,600. But if they fail, the price could go down to 34,100.

djia today

 

EXCO offers the ability to trade financial markets on leverage through multiply asset trading platforms. Be that pricing, execution, or promotions, they emphasize that what they advertise is what they give to clients, regardless of the size of their investment.