Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average went down, but the NASDAQ 100 managed to rise. Today all three of them are going up, though. 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 really volatile session. First, the S&P 500 managed to rise a bit. Then, at noon, it started going down heavily. However, the price rose once again during the American trading session. In consequence, the S&P 500 finished the day slightly above the EMA 200 and 4140.
Today, it is going up significantly. If the buyers continue generating firm demand, the price might even reach the R1 resistance level and 4170 today. But if the bears counterattack, the price could return below 4150 and reach the Pivot Point.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. First, the price managed to rise a bit. Then, at noon, it started going down significantly. However, the price rose once again during the American trading session. In consequence, the NASDAQ 100 finished the day a little below 13450.
During the first hours of today’s Asian trading session, the price went up above 13490. Then it started falling slowly. If the buyers don’t generate some serious appetite soon, the price could drop to the Pivot Point. But if they do, the price might rise above the R1 resistance level and 13500.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. First, the price managed to rise a bit. Then, at noon, it started going down deeply. At the beginning of the American trading session, the price even dropped below the S1 support level and 31200. After that, it started rising once again. In consequence, the Dow Jones Industrial Average finished the session slightly below 33400.
Today, it is going up significantly. If the buyers continue generating firm demand, the price might rise above 33500 and the EMA 200. But if the bears counterattack, the price could drop below the Pivot Point and reach 33400.
SSL Secured