Yesterday the American indices performed differently. NASDAQ 100 rose strongly, the Dow Jones Industrial Average dropped a bit and the S&P 500 showed mixed sentiment. During the first hours of today’s Asian trading session all three of them dropped, but then they started rising. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:

S&P 500

After setting the new all-time high on Friday, the S&P 500 showed mixed sentiment yesterday. First, the price dropped significantly below the S1 support level, then it rose and finished the session at the Pivot Point. During the first hours of today’s Asian trading session, the price fell almost to the S1, but then it started going up. Right now the price is above the Pivot Point. If the buyers continue generating firm demand, the price might reach the R1 resistance level and set the new all-time high. But if the bears counterattack, the price could return below the Pivot Point.

SP

NASDAQ 100

NASDAQ 100 rose a bit yesterday. The price finished the session above the Pivot Point and 15100. During the first hours of today’s Asian trading session, the price dropped a bit, but then it started going up. If the buyers continue generating firm demand, the price might set the new all-time high and even reach 15200 today. But if the bears counterattack, the price could fall to the Pivot Point.

NASDAQ

Dow Jones Industrial Average

After setting the new all-time high on Friday, the DJIA index dropped a bit yesterday. The price finished the session below the Pivot Point. During the first hours of today’s Asian trading session, the price went down even more and reached the S1 support level, but then it started rising. If the buyers continue generating sufficient demand, the price might even reach the R1 resistance level today. But if the bears counterattack, the price could fall below the S1.

DJ