Yesterday the American indices managed to rise. 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

The S&P 500 rose significantly yesterday. The price finished the session at 3805, a little below the R1 resistance level. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 3830. But if the bears counterattack, the price could drop below 3790 and reach the Pivot Point.

SP 500

NASDAQ 100

NASDAQ 100 also managed to rise yesterday. The price finished the session slightly below 14460. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 11550. But if the bears counterattack, the price could drop below 11400 and reach the Pivot Point.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index rose significantly yesterday as well. The price finished the session slightly above the R1 resistance level and 31500. Today it is going up even more. If the buyers continue generating firm demand, the price might rise above 31700. But if the bears counterattack, the price could drop below 31400 and reach the Pivot Point.

Dow Jones