On Friday the American indices went down. 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 dropped significantly on Friday. The price finished the last session of the week exactly at 3600. However, it is rising today. If the buyers continue generating firm demand, the price might go up above the Pivot Point and the EMA 200. But if the bears counterattack, the price could fall below 3600.

SP 500

NASDAQ 100

NASDAQ 100 also dropped heavily on Friday. The price finished the last session of the week at 10750. However, it is rising today. If the buyers continue generating firm demand, the price might go up above 10900 and the Pivot Point. But if the bears counterattack, the price could fall below 10750.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index went down on Friday as well. The price finished the last session of the week a little above 29700, the EMA 200 and the Pivot Point. However, it is rising today. The price is already above 29900. If the buyers continue generating firm demand, the price might go up above the Pivot Point and reach 30100. But if the bears counterattack, the price could fall to the EMA 200.

Dow Jones