Dow, S&P 500, and NASDAQ are slightly trading lower today. A sell-off in US Treasury bonds helps relieve investors' concerns about a possible rise in interest rates.

Yesterday was a great bullish session for the American indices. All three of them finished the day above the R1 resistance level, S&P 500 and NASDAQ 100 even crossed the R2. During today's Asian trading session they slightly went down, though. What can they do next? Let's try to answer that question in this analysis, S&P 500 first.

 

S&P 500

That was a fantastic bullish session for the S&P 500. The price finished the day above the R2 resistance level and 3,900. However, it went down during today's Asian trading session. The bears tested the Pivot Point this morning, but it was strongly defended. If the buyers generate some sufficient demand right now, from that level, the price might even reach the R1 today. But if they don't, the price could cross the Pivot Point and even test the S1 support level.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 also rose strongly yesterday. It finished the day at the R2 resistance level. However, the price went down during today's Asian trading session. The bears tested the Pivot Point this morning, but it was strongly defended. If the buyers generate some sufficient demand right now, from that level, the price might even reach 13,400 today. But if they don't, the price could cross the Pivot Point and even test the S1 support level.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index performed greatly yesterday as well. The price finished the day significantly above the R1 resistance level. During today's Asian trading session, it went down, though. The Pivot Point was tested several times today, but it is still strongly defended. If the buyers generate some sufficient demand right now, from that level, the price might even reach the R1 resistance level today. But if they don't, the price could cross the Pivot Point and even test the S1 support level.

djia today

 


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