Yesterday the American indices managed to rise once again. Today all three of them are going up 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 managed to rise yesterday. The price finished the session at 4010. Today it is going up even more. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might rise above 4040 today. But if they fail, the price could even drop below 4000.
NASDAQ 100
NASDAQ 100 also managed to rise yesterday. The price finished the session a little above 12340. Today it is going up even more. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might even reach 12500 today. But if they fail, the price could drop below 12300.
Dow Jones Industrial Average
The DJIA index managed to rise yesterday as well. The price finished the session a little below 31800. Today it is going up even more. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might even reach 32000 today. But if they fail, the price could drop below 31700.