Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average managed to rise a bit, but the NASDAQ 100 showed mixed sentiment. Today all three of them are going up slowly. 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 managed to rise a bit yesterday. The price finished the session slightly above 3850. Today it is still going up slowly. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level and reach the EMA 200 and 3890. But if the bears counterattack, the price could drop below the Pivot Point and reach 3840.
NASDAQ 100
NASDAQ 100 was the weakest one yesterday. The price showed mixed sentiment and finished the session slightly above 11190. Today it is going up slowly. If the buyers continue generating sufficient demand, the price might reach the R1 resistance level and 11300. But if the bears counterattack, the price could drop below the Pivot Point and reach 11150.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price managed to rise a bit and finished the session above the Pivot Point, slightly above 33100. Today it is still going up, but a bit slower. If the buyers continue generating sufficient demand, the price might rise above the R1 resistance level and reach 33400. But if the bears counterattack, the price could drop to the Pivot Point.
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