On Friday all three American indices rose significantly. However, they are going down 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 rose strongly on Friday. The price finished the last session of the week above the R2 resistance level, at 4020. However, it is falling today. Right now the bulls are trying to defend 4000, the EMA 200 and the Pivot Point. If they do it successfully, the price might bounce and reach 4040 today. But if they fail, the price could go down to 3960.

SP 500

NASDAQ 100

NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week slightly above the R2 resistance level and 12380. However, it is falling today. Right now the bulls are trying to defend the EMA 200. If they do it successfully, the price might bounce and reach 12500 today. But if they fail, the price could go down to 12100.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index rose significantly on Friday as well. The price finished the last session of the week slightly above the R1 resistance level, the EMA 200 and 32100. However, it is falling today. Right now the bulls are trying to defend 32000 and the Pivot Point. If they do it successfully, the price might bounce and reach 32300 today. But if they fail, the price could go down to the S1 support level and 31700.

Dow Jones