The American indices performed differently yesterday. The S&P 500 and the Dow Jones Industrial Average managed to rise a bit, but the NASDAQ 100 showed mixed sentiment. The volatility was rather low, though. Today, all three of them are slowly going up. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
The S&P 500 rose slightly yesterday. The volatility was a bit low, though. The price finished the session at 4690. Today it is going up slowly. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level and set the new all-time high. But if the bears counterattack, the price could drop below the S1 support level.
NASDAQ 100
NASDAQ 100 showed mixed sentiment yesterday and the volatility was very low. The price finished the session at 16320. Today it is rising slowly, though. If the buyers continue generating sufficient demand, the price might go up above the R1 resistance level. But if the bears counterattack, the price could drop below the S1 support level.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price rose a bit and set the new all-time high. Today it is also going up slowly. The price is already above the Pivot Point and 36300. If the buyers continue generating sufficient demand, the price might reach the R1 resistance level and set the new all-time high. But if the bears counterattack, the price could drop to the S1 support level.
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