Yesterday the American indices rose significantly. Today all three of them are going down slowly, though. 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 good bullish session. The S&P 500 rose significantly and finished the session slightly above the R1 resistance level. Today, it is slowly going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and reach 4050. But if they do, the price might rise above 4074 today.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price finished the session above the R1 resistance level, a little below 12060. Today, it is slowly going down, though. If the buyers don’t generate some serious appetite soon, the price could even reach 11950 today. But if they do, the price might reach 12100.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price finished the session a little below the R1 resistance level, exactly at 34000. Today, it is slowly going down, though. If the buyers don’t generate some serious appetite soon, the price could drop to the Pivot Point and 33900 today. But if they do, the price might rise above 34050.
SSL Secured