Yesterday was a good bullish session. All three American indices rose strongly. Today they 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 rose strongly yesterday. The price finished the session above the R1 resistance level, a little below 3700. Today it is going up even more. Right now the bulls are attacking today’s R1 and 3750. If they do it successfully, the price might even rise above 3770 today. But if they fail, the price could return below 3720.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session above the R1 resistance level and 11100. Today it is going up even more. Right now the bulls are attacking today’s R1. If they do it successfully, the price might even reach 11400 today. But if they fail, the price could return below 11250.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session above the R1 resistance level, exactly at 30300. Today it is going up even more. The price is already above today’s R1 and 30600. If the buyers continue generating firm demand, the price might rise above 30800 today. But if they fail, the price could return below 30500.
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