Yesterday the American indices managed to rise. Today all three American indices are going up even more. 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 managed to rise yesterday, The price finished the session above 3780. Today it is going up even more. The price is already above the R1 resistance level and 3820. If the buyers continue generating firm demand, the price might even reach 3850 today. But if the bears counterattack, the price could return below 3800.
NASDAQ 100
NASDAQ 100 also managed to rise yesterday. The price finished the session slightly below 11690. Today it is going up even more. The price is already above the R1 resistance level and 11850. If the buyers continue generating firm demand, the price might rise above 11950 today. But if the bears counterattack, the price could return below 11800.
Dow Jones Industrial Average
The DJIA index managed to rise a bit yesterday. The price finished the session at 30560. Today it is going up even more. The price is already above the R1 resistance level and 30800. If the buyers continue generating firm demand, the price might even reach 31000 today. But if the bears counterattack, the price could return below 30700.
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