Yesterday the American indices showed mixed sentiment. However, all three of them are rising today. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday was a really volatile session. First the S&P 500 rose significantly and tested the R1 resistance level and the EMA 200. Then it dropped heavily and finished the session slightly below 4400. However, the price is going up today. If the buyers continue generating firm demand, the price might reach today’s R1, the EMA 200 and 4450. But if the bears counterattack, the price could go down below 4380.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First the price rose significantly and tested the R1 resistance level. Then it dropped heavily and finished the session at 13960. However, the price is going up today. It is already above 14050. If the buyers continue generating firm demand, the price might reach today’s R1 and 14200. But if the bears counterattack, the price could go down below 13900.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First the price rose significantly and tested the R1 resistance level. Then it dropped heavily and finished the session slightly below 34200. However, the price is going up today. If the buyers continue generating firm demand, the price might reach today’s R1 and 34500. But if the bears counterattack, the price could go down below 34000.
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