Yesterday all three American indices rose significantly once again. Today, they are going down, 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 significantly yesterday. The price finished the session slightly above the R1 resistance level, a little below 3760. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and reach 3700. But if they do, the price might return above the Pivot Point and 3750.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price finished the session slightly above 11320, a little below the R1 resistance level. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level and the EMA 200. But if they do, the price might return above the Pivot Point and reach 11300.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price finished the session slightly above the R1 resistance level, at 30700. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and reach 30300. But if they do, the price might return above the Pivot Point and reach 30700.
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