Yesterday 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
Yesterday was a great bullish session. The S&P 500 started rising strongly during the American trading session. In consequence, the price finished the day high above the R2 resistance level, a little above 4170.
During today’s Asian trading session the S&P 500 went down a bit. However, it started rising at the beginning of the European trading session. If the buyers continue generating sufficient demand, the price might go up above 4180 today. But if they fail, the price could fall to 4160.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price started going up significantly during the American trading session. In consequence, it finished the day above the R2 resistance level, at 13640.
During the Asian trading session the NASDAQ 100 was showing mixed sentiment. The volatility was really low. At the beginning of the European trading session, the price started rising, though. If the buyers continue generating sufficient demand, the price might reach 13680 today. But if they fail, the price could fall below 13620.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price started going up significantly at the beginning of the European trading session. In consequence, the price finished the day high above the R1 resistance level and the EMA 200, a little above 33450.
During today’s Asian trading session the Dow Jones Industrial Average went down a bit. However, it started rising at the beginning of the European trading session. If the buyers continue generating sufficient demand, the price might go up above 33500 today. But if they fail, the price could fall below 33400.
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