Yesterday the American indices went down once again. 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 went down yesterday. The price finished the session slightly below 3920. However, it is rising strongly today. The price is already above the R1 resistance level and 3970. If the buyers continue generating firm demand, the price might even go up above 4000 and reach today’s R2. But if the bears counterattack, the price could return below 3950.
NASDAQ 100
NASDAQ 100 also went down yesterday. The price finished the session a little above 11900. However, it is rising strongly today. The price is already above the R1 resistance level and 12150. If the buyers continue generating firm demand, the price might even go up above 12300 and reach today’s R2. But if the bears counterattack, the price could return below 12000.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session at the S1 support level, a little above 31550. However, it is rising strongly today. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might reach 32200 and today’s R2. But if they fail, the price could drop to the Pivot Point and 31500.
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