Friday was a great bullish session. All three American indices rose strongly. Today, they are showing mixed sentiment, though. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Friday was a fantastic bullish session. After rising all day, the S&P 500 finished the last session of the week above the R2 resistance level and 4150. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might even go up above 4170. But if the bears take control over the market, the price could drop below 4140 and reach the Pivot Point today.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. After going up all day, the price finished the last session of the week high above the R2 resistance level, a little above 13320. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might rise above 13360. But if the bears take control over the market, the price could drop below 13280 today.
Dow Jones Industrial Average
The DJIA index rose strongly on Friday as well. After going up all day, the price finished the last session of the week slightly below the R2 resistance level, at 33750. Today it is showing mixed sentiment and the volatility is really low. If the buyers show their strength once again, the price might even rise above 33900. But if the bears take control over the market, the price could drop below 33700 and reach the EMA 200 today.
SSL Secured