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 an 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 4150. Today it is going up slowly. If the buyers continue generating sufficient demand, the price might reach 4170 today. But if the bears counterattack, the price could drop below 4140 and reach the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session above the R2 resistance level, a little below 13250. 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 avoe 13320 today. But if the bears take control over the market, the price could drop below 13150 and reach the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session significantly above the R1 resistance level, at 32740. Today it is going up slowly. If the buyers continue generating sufficient demand, the price might go up above 32900 today. But if the bears counterattack, the price could drop below 32700 and reach the Pivot Point.
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