On Friday the American indices performed differently. S&P 500 and the Dow Jones Industrial Average went down and the NASDAQ 100 showed mixed sentiment. Today, all three of them are rising, though. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Friday was a really interesting session. First, the S&P 500 managed to rise above the Pivot Point and 4390. Then, in the late afternoon, it started falling. In consequence, the price finished the last session of the week at 4360.
Today, the S&P 500 is rising, though. It is already above today’s Pivot Point and 4375. If the buyers continue generating firm demand, the price might even go up above today’s R1 resistance level and 4390. But if the bears counterattack, the price could drop below 4360 today.
NASDAQ 100
NASDAQ 100 also was really volatile on Friday. First, the price managed to rise above 15020. Then, in the late afternoon, it started falling. In consequence, the price finished the last session of the week slightly below 14870.
Today, the NASDAQ 100 is rising, though. It is already above today’s Pivot Point and 14930. If the buyers continue generating firm demand, the price might even reach today’s R1 resistance level. But if the bears counterattack, the price could drop to 14850 today.
Dow Jones Industrial Average
The DJIA index was really volatile on Friday as well. First, the price reached 34420. Then, in the late afternoon, it started falling. In consequence, the price finished the last session of the week at 34230.
Today, the Dow Jones Industrial Average is rising, though. It is already above today’s Pivot Point and 34320. If the buyers continue generating firm demand, the price might even go up above today’s R1 resistance level and reach 34400. But if the bears counterattack, the price could drop to 34220 today.
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