Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 rose strongly. NASDAQ 100 even set the new all-time high. However, the Dow Jones Industrial Average showed mixed sentiment. Today, all three of them are rising strongly, though. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday was a good bullish session. The S&P 500 rose significantly and finished the session above the R1 resistance level and 4700. Today, the price is going up even more. It has already set the new all-time high and right now the bulls are attacking the R1. If they do it successfully, the price might reach 4730 today. But if the bears counterattack, the price could drop to 4700.
NASDAQ 100
NASDAQ 100 was even stronger yesterday. The price rose high above the R2 resistance level and set the new all-time high. It finished the session at 16500. Today it is going up even more. Right now the bulls are attacking the R1. If they do it successfully, the price might reach 16650 today. But if the bears counterattack, the price could drop below 16500.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price showed mixed sentiment. First it dropped heavily and tested the S2 support level. Then, in the afternoon, it rose and finished the session slightly above 35800. However, the price is rising today. Right now the bulls are attacking the EMA 200. If they do it successfully, the price might go up above the R1 resistance level and 36000 today. But if they fail, the price could fall to the Pivot Point.
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