Yesterday the American indices managed to rise. Today all three of them are still going up. 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 significantly yesterday. The price finished the session a little below the R1 resistance level, slightly above 3980. Today it is slightly going up. If the buyers continue generating sufficient demand, the price might reach 4000 today. But if the bears counterattack, the price could drop to the EMA 200.
NASDAQ 100
NASDAQ 100 also managed to rise yesterday. The price finished the session at 12050. Today it is slightly going up. If the buyers continue generating sufficient demand, the price might rise above 12100 today. But if the bears counterattack, the price could drop below the EMA 200 and reach 12000.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price finished the session above the R1 resistance level, at 33000. Today it is slightly going up. If the buyers continue generating sufficient demand, the price might reach 33100 today. But if the bears counterattack, the price could drop below 32950 and reach the Pivot Point.
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