Yesterday was a good bullish session for the American indices. All three of them managed to rise and NASDAQ 100 even set the new all-time high. However, all three indices 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 great bullish session. The S&P 500 rose strongly and finished the session high above the R1 resistance level. However, the price is going down today. It’s already below the Pivot Point. If the buyers don’t generate some serious appetite soon, the price could drop below the EMA 200 and reach the S1 support level. But if they do, the price might even reach 4590 and set the new all-time high.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price set the new all-time high and finished the session slightly below the R1 resistance level. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might even reach today’s R1 and 15800.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session above the R1 resistance level. However, it is going down today. The price is already below the Pivot Point. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might reach 35700.
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