Yesterday was a great bullish session. The American indices rose strongly. Today all three of them 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 great bullish session. The S&P 500 rose strongly and finished the session slightly below the R3 resistance level, at 4210. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 4230 today. But if the bears counterattack, the price could drop below 4200.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session above the R2 resistance level, at 13380. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 13500 today. But if the bears counterattack, the price could drop below 13350.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R2 resistance level, a little below 33300. Today it is going up even more. If the buyers continue generating firm demand, the price might even rise above 33500. But if the bears counterattack, the price could drop below 33200.
