On Friday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average rose significantly, but the NASDAQ 100 showed mixed sentiment. All three of them managed to set their new all-time highs, though. Today, they are showing mixed sentiment and 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
Friday was another good bullish session. The S&P 500 rose significantly, set the new all-time high and finished the last session of the week above the R1 resistance level. Today the price is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might rise above 4700 and reach the R1. But if the bears take control over the market, the price could drop to the S1 support level.
NASDAQ 100
NASDAQ 100 showed mixed sentiment on Friday. First the price rose significantly, tested the R1 resistance level and set the new all-time high. Then it dropped and finished the week slightly above 16340. Today the price is showing mixed sentiment and the volatility is rather low. If the buyers show their strength, the price might rise above 4700 and reach the R1. But if the bears take control over the market, the price could drop to the S2 support level and reach 16200.
Dow Jones Industrial Average
The DJIA index rose significantly on Friday. The price set the new all-time high and finished the last session of the week at the R2 resistance level. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might reach today’s R1. But if the bears take control over the market, the price could drop below 36000.
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