Yesterday the American indices went down. However, all three of them are rising today. 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 dropped heavily yesterday. The price finished the session at the S2 support level, slightly below 4120. However, it is rising today. If the buyers continue generating firm demand, the price might go up above the Pivot Point and reach 4140. But if the bears counterattack, the price could return below 4120.
NASDAQ 100
NASDAQ 100 also dropped heavily yesterday. The price finished the session a little below the S2 support level, slightly below 12960. However, it is rising today. If the buyers continue generating firm demand, the price might go up above the Pivot Point and reach 13050. But if the bears counterattack, the price could drop below 12950.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session slightly below 33800. However, it is rising today. If the buyers continue generating firm demand, the price might go up above the Pivot Point and reach 33950. But if the bears counterattack, the price could return below 33800.
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