NASDAQ, S&P500, and Dow advance slowly above Pivot, boosted by solid corporate earnings and strong economic reports despite recession worries.

Yesterday the American indices rose strongly. Today all three of them are going up slowly, but the volatility is rather low. 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 rose strongly yesterday. The price finished the session significantly above the R1 resistance level, at 4,150. Today it is going up slowly. If the buyers continue generating sufficient demand, the price might reach 4,170 today. But if the bears counterattack, the price could drop below 4,140 and reach Pivot Point.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 also rose strongly yesterday. The price finished the session above the R2 resistance level, a little below 13,250. Today it is showing mixed sentiment, but the volatility is really low. If the buyers show their strength once again, the price might go up above 13,320 today. But if the bears take control over the market, the price could drop below 13,150 and reach Pivot Point.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index rose strongly yesterday as well. The price finished the session significantly above the R1 resistance level, at 32,740. Today it is going up slowly. If the buyers continue generating sufficient demand, the price might go up above 32,900 today. But if the bears counterattack, the price could drop below 32,700 and reach Pivot Point.

djia today

 


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