Yesterday all three American indices managed to rise. NASDAQ 100 was the strongest one. 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
The S&P rose strongly yesterday. The price finished the session significantly above the R1 resistance level, at 4575. Today it is going up even more. If the buyers continue generating firm demand, the price might even rise above 4610 and reach today’s R2. But if the bears counterattack, the price could drop to the Pivot Point and the EMA 200.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price rose significantly and finished the session high above the R2 resistance level. Today it is going up even more. If the buyers continue generating firm demand, the price might reach 15250 today. But if the bears counterattack, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index managed to rise yesterday as well. The price finished the session a little above the EMA 200 and 34800. Today it is going up even more. If the buyers continue generating firm demand, the price might even rise above 35000 and reach the R2 resistance level. But if the bears counterattack, the price could drop below the Pivot Point and reach 34700.
