Yesterday the American indices rose significantly. 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:
S&P 500
Yesterday was a good bullish session. The S&P 500 rose significantly and finished the session exactly at the EMA 200, a little below the R2 resistance level, slightly above 3920. However, it is going down today. If the buyers don’t generate some serious appetite, the price could even drop to 3900 and the Pivot Point. But if they do, the price might reach 3940.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session a little above the EMA 200, slightly below the R2 resistance level and 12050. However, it is going down today. If the buyers don’t generate some serious appetite, the price could even drop below the Pivot Point and reach 19050. But if they do, the price might reach 12100.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session slightly above the EMA 200, a little below the R2 resistance level and 31150. However, it is going down today. If the buyers don’t generate some serious appetite, the price could drop to 31000. But if they do, the price might even reach 31300.
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