Yesterday the American market was closed due to the national holiday in the US, but indices rose significantly. NASDAQ 100 even set the new all-time high. Today all three of them are slowly going down, though. 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 above 4540. Today it is going down a bit, though. Right now the bulls are trying to defend the Pivot Point. If they do it successfully, the price might bounce, set the new all-time high and reach 4550. But if they fail, the price could drop to the EMA 200.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price set the new all-time high and finished the session at the R1 resistance level. Today it is going down a bit, though. Right now the bulls are trying to return above the Pivot Point. If they do it successfully, the price might rise above 15700 and set the new all-time high today. But if they fail, the price could fall to the S1 support level.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price finished the session above 35400. Today, it is going down a bit, though. The price is already below the Pivot Point and the EMA 200. If the buyers don’t generate some serious appetite, the price could drop to the S1 support level today. But if they do, the price might reach 35500.
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