Friday was another great bullish session for the America indices. All three of them rose strongly. However, all three of them are going down today. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
Friday was another fantastic bullish session. The S&P 500 rose strongly and finished the last session of the week above 4460, at the R1 resistance level. However, the price is falling today. It’s already below the Pivot Point. If the buyers don’t generate some serious appetite soon, the price could even drop to the S2 support level and 4400. But if they do, the price might rise above 4470.
NASDAQ !00 also managed to rise a bit on Friday. The price finished the week above 15130. However, it is going down today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might even rise to the R1 resistance level today. But if they fail, the price could drop to the EMA 200.
Dow Jones Industrial Average
The DJIA index rose strongly on Friday as well. The price finished last session of the week high above the R2 resistance level. However, the price is going down a bit today. If the buyers don’t generate some serious appetite soon, the price could drop to the EMA 200 today. But if they do, the price might rise 35300.