Friday was a great bullish session. All three American indices rose strongly. However, they 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
Friday was a great bullish session. The S&P 500 rose strongly and finished the last session of the week high above the R1 resistance level, a little above 3910. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 3870 and reach the Pivot Point. But if they do, the price might return above 3900.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week high above the R2 resistance level, slightly below 11590. However, it is going down today. The price is already below 11500. If the buyers don’t generate some serious appetite soon, the price could drop to the Pivot Point. But if they do, the price might even reach 11600.
Dow Jones Industrial Average
The DJIA index rose strongly on Friday as well. The price finished the last session of the week high above the R2 resistance level, a little below 32900. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below 32600 and reach the Pivot Point. But if they do, the price might rise above 32900.
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