Yesterday was a great bullish session for the American indices. All three of them rose strongly. Today the American indices are slowly going down, 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 another really good bullish session. The S&P 500 rose strongly and finished the session above the R2 resistance level and 4510. Today the price is slowly going down, though. If the buyers don’t generate some serious appetite soon, the price could fall to the S1 support level. But if they do, the price might rise above 4525 today.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price finished the session slightly above 15400. Today it is slowly going down, though. If the buyers don’t generate some serious appetite soon, the price could fall to the S1 support level. But if they do, the price might reach 15500.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R1 resistance level, slightly above 35400. Today it is slowly going down, though. If the buyers don’t generate some serious appetite soon, the price could fall to the S1 support level. But if they do, the price might rise above 35500.
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