Yesterday was a good bullish session. All three American indices rose significantly. Today they 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

Yesterday was a good bullish sesion. The S&P 500 rose significantly and finished the session above the R1 resistance level, at 4520. Today it is going up even more. The price is already above 4535. If the buyers continue generating firm demand, the price might go up above today’s R1 and even reach 4550. But if the bears counterattack, the price could drop below 4510.

SP 500

NASDAQ 100

NASDAQ 100 also rose significantly yesterday. The price finished the session slightly below the R1 resistance level, at 14750. Today it is going up even more. The price is already 14800. If the buyers continue generating firm demand, the price might go up above today’s R1. But if the bears counterattack, the price could drop below 14700 and reach the EMA 200.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index was the strongest one yesterday. The price rose strongly and finished the session a little below the R2 resistance level. Today it is going up even more. If the buyers continue generating firm demand, the price might go up above 35600 today. But if the bears counterattack, the price could drop below 35300.

Dow Jones