Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average dropped. On the other hand, the NASDAQ 100 showed mixed sentiment. Today, all three of them are rising, though. 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. First the price dropped significantly below the S1 support level, but in the late afternoon it rose and finished the session near 4460. Today, the price is still rising. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level today. But if the bears counterattack, the price could fall below the Pivot Point.
NASDAQ 100
NASDAQ 100 showed mixed sentiment yesterday. First the price dropped to the S1 support level, but in the late afternoon it rose and finished the session slightly below 15500. Today, the price is still rising. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level today. But if the bears counterattack, the price could fall below the Pivot Point.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped significantly and finished the session at the S1 support level. However, it is rising today. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level today. But if the bears counterattack, the price could fall below 34500.
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