Yesterday the American indices rose strongly once again. Today all three of them are going up even more. 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 interesting session. First, the S&P 500 dropped below the Pivot Point. Then, at the beginning of the American trading session, the price started rising strongly. It even went up above the R2 resistance level and 4590 in the evening. However, during the last 90 minutes of the American trading session, the price fell a bit. In consequence, the S&P 500 finished the day slightly above 4580.
During today’s Asian trading session, the price managed to rise above 4590. However, at the beginning of the European trading session, it started falling slowly. If the buyers don’t generate some serious appetite soon, the price could drop to the Pivot Point today. But if they do, the price might even reach 4600.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price dropped below the Pivot Point and 15740. Then, in the afternoon, it started rising strongly. The price even went up above the R2 resistance level and 16020 in the evening. However, during the last 90 minutes of the American trading session, it fell a bit. In consequence, the NASDAQ 100 finished the day a little below 15950.
During today’s Asian trading session, the price reached 15990. However, at the beginning of the European trading session, it started falling slowly. If the buyers don’t generate some serious appetite soon, the price could even drop below 15910 and reach the Pivot Point. But if they do, the price might reach 16050.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, the price dropped below the Pivot Point and 34700. Then, at the beginning of the American trading session, it started rising strongly. The price even went up above the R2 resistance level and 35170 two hours later. After that, it started falling, though. In consequence, the Dow Jones Industrial Average finished the day at 35120.
During today’s Asian trading session, the price managed to rise above 35220. However, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 35100. But if they do, the price might even reach 35300.
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