On Friday the American indices rose strongly. However, all three of them are going down today. 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 on Friday. The price finished the last session of the week high above the R1 resistance level, slightly above 3760. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 3730 and reach the Pivot Point. But if they do, the price might even rise above 3780.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week high above the R1 resistance level, a little above 11350. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 11250 and reach the Pivot Point. But if they do, the price might even rise above 11400.
Dow Jones Industrial Average
The DJIA index rose strongly on Friday as well. The price finished the last session of the week slightly above the R2 resistance level. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 30800 and reach the Pivot Point. But if they do, the price might even rise above 31300.
SSL Secured