Friday was another great bullish session. All three American indices rose strongly and finished the day high above their R2 resistance levels. Today, the Dow Jones Industrial Average is going up even more, the S&P 500 is showing mixed sentiment and the NASDAQ 100 is going down a bit. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Friday was another great bullish session. The S&P 500 rose strongly and finished the day high above the R2 resistance level, slightly below 4140. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might go up above 4140 today. But if the bears take control over the market, the price could drop below the Pivot Point and reach 4110.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week high above the R2 resistance level, at 13300. However, it is going down slowly today. Right now the bulls are trying to defend the Pivot Point. If they do it successfully, the price might rise above 13300. But if they fail, the price could drop below 13150 and reach the S1 support level.
NASDAQ 100
NASDAQ 100 rose strongly on Friday as well. The price finished the last session of the week high above the R2 resistance level, slightly above 34400. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 33600 today. But if the bears counterattack, the price could drop to 33400.
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