On Friday the American indices rose strongly. Today all three of them 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
The S&P 500 rose strongly on Friday. The price finished the last session of the week above the R2 resistance level, slightly below 3920. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might reach 3940 today. But if the bears take control over the market, the price could drop below 3910.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week slightly below the R2 resistance level and 11110. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might go up above 11180. But if the bears take control over the market, the price could drop below 11090.
Dow Jones Industrial Average
The DJIA index rose strongly on Friday as well. The price finished the last session of the week above the R2 resistance level, slightly below 33800. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach 33900 today. But if the bears take control over the market, the price could drop below 33700.
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