Yesterday was a great bullish session. All three American indices rose significantly. Today they are rising 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 rose strongly yesterday. The price finished the session at the R2 resistance level, a little below 4570. Today it is going up even more. If the buyers continue generating firm demand, the price might even rise above 4590 today. But if the bears counterattack, the price could drop to the Pivot Point and 4550.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session at the R2 resistance level, slightly below 15000. Today it is going up even more. The price is already above 15000. If the buyers continue generating firm demand, the price might reach 15100 today. But if the bears counterattack, the price could drop below 14900 and reach the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price finished the session a little below the R1 resistance level, at 34850. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 35000. But if the bears counterattack, the price could drop to the Pivot Point.
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