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The S&P 500 has shown itself to be a little bit resilient during the trading session on Thursday as PPI numbers came out a little bit hotter than anticipated, but it was not a big deal.
As we approach the all-time high in the overnight hours on Wednesday, the S&P 500 has once again demonstrated its bullishness.
The NASDAQ 100 is still looking bullish going into the early hours of Wednesday.
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The general mindset among S&P 500 traders is still to "buy on the dip," and Tuesday's session appears to be more of the same.
The NASDAQ 100 is still showing strong upward momentum overall.
While buyers continue to emerge on each dip, the NASDAQ 100 saw some buying pressure near the 20-Day EMA after falling initially during the Monday trading session.
The S&P 500 gave back a little bit on Monday morning, but it still finds buyers below to show strength and turn things around.
The S&P 500 finds buyers every time it dips.
Since there is still a lot of momentum chasing, the NASDAQ 100 continues to attract buyers on dips.
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The early hours of Thursday saw a sharp decline in the S&P 500 Index, but it recovered and surged ahead of the New York session.
Early on Thursday during the trading session, the Nasdaq 100 slightly declined, but it has since rebounded from the pivotal 20-day EMA.
It appears that the market's general long-term upward trend is still in place.
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Sign up to get the latest market updates and free signals directly to your inbox.It appears that the NASDAQ 100 will continue to rise significantly.
Over the past few months, the NASDAQ 100 has been somewhat of a juggernaut.
Although there was some quietness in the early hours of Monday, traders are still chasing trades, and the S&P 500 looks extremely robust overall.