Friday was a great bullish session. All three American indices rose strongly and finished the day above their R2 resistance level. Today, the S&P 500 and the NASDAQ 100 are still going up, but the Dow Jones Industrial Average is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Friday was a great bullish session. The S&P 500 rose strongly and finished the day high above the R2 resistance level, a little below 4050. Today it is still going up, but at a slower pace. If the buyers continue generating sufficient demand, the price might reach 4070 today. But if the bears counterattack, the price could drop below 4040.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week high above the R2 resistance level, slightly above 12300. Today it is still going up, but at a slower pace. If the buyers continue generating sufficient demand, the price might reach 12400 today. But if the bears counterattack, the price could drop to 12250.
Dow Jones Industrial Average
The DJIA index rose strongly on Friday as well. The price finished the last session of the week slightly above the R2 resistance level and 33400. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might reach 33500 today. But if the bears take control over the market, the price could drop to 33300.
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