On Friday the American indices performed differently. The S&P 500 and the NASDAQ 100 went down, but the Dow Jones Industrial Average managed to rise. Today all three of them are going up, though. 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 really volatile session. First the S&P 500 dropped below the S2 support level. Then it managed to rise, but still it finished the last session of the week below 4150. Today, it is going up, though. If the buyers continue generating firm demand, the price might rise above 4170 and reach the R1 resistance level. But if the bears counterattack, the price could drop below 4140.
NASDAQ 100
NASDAQ 100 went down significantly on Friday. The price finished the last session of the week at the S1 support level, slightly below 13230. However, it is rising today. If the buyers continue generating firm demand, the price might reach the R1 resistance level. But if the bears counterattack, the price could drop below 13200.
Dow Jones Industrial Average
The DJIA index also was really volatile on Friday. First the price dropped to the S2 support level. Then it managed to rise, and finished the last session of the week above the Pivot Point, at 32750. Today it is rising even more. If the buyers continue generating firm demand, the price might go up above the R1 resistance level and reach 33000. But if the bears counterattack, the price could drop below 32800.
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