Yesterday was a good bullish session for the American indices. All three of them managed to rise, the Dow Jones Industrial Average was the strongest one. Today all three American indices are going up significantly. How far can they go? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday was a good bullish session. The S&P 500 rose significantly and finished the session slightly below the R1 resistance level and 4600. Today it is going up even more. The price is already high above today’s R1. If the buyers continue generating firm demand, the price might rise above 4660 today. But if the bears counterattack, the price could drop to 4600.
NASDAQ 100
NASDAQ 100 managed to rise a bit yesterday. The price finished the session above the Pivot Point, at 15850. Today it is going up much more. Right now the price is getting close to the R2 resistance level and 16100. If the buyers continue generating firm demand, the price might rise above 16300 today. But if the bears counterattack, the price could return below 16000.
Dow Jones Industrial Average
The DJIA index was definitely the strongest one yesterday. The price finished the session high above the R2 resistance level and a little above 35250. Today it is going up even more. Right now the bulls are attacking today’s R1. If they do it successfully, the price might reach 35700 today. But if they fail, the price could return below 35300.
SSL Secured