Yesterday the American indices rose strongly. 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
Yesterday was a great bullish session. First, during the Asian trading session, the S&P 500 dropped below 5235, though. Then, it started rising strongly. In consequence, the price finished the day high above the R2 resistance level, slightly below 5300.
During today’s asian trading session, the S&P 500 reached 5315. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 5290 today. But if they do, the price might even reach 5325 today.
NASDAQ 100
NASDAQ 100 also was really bullish yesterday. First, during the Asian trading session, the price dropped below 18230, though. Then, it started rising strongly. In consequence, the price finished the day above the R2 resistance level and 18540.
During today’s asian trading session, the NASDAQ 100 managed to rise above 18660. Then, at the beginning of the European trading session, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 18530 today. But if they do, the price might reach 18690.
Dow Jones Industrial Average
The DJIA index was really bullish yesterday as well. First, the price dropped below 39430, though. Then, it started rising strongly. In consequence, the price finished the day high above the R2 resistance level, at 39970.
During today’s asian trading session, the Dow Jones Industrial Average reached 40110. Then, at the beginning of the European trading session, it started falling slowly. If the buyers don’t generate some serious appetite soon, the price could drop below 39950 today. But if they do, the price might reach 40180.
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