Yesterday was an exceptional bullish session for the American indices. All three of them managed to rise. The S&P 500 and the Dow Jones industrial Average even set their new all-time highs. Today, the NASDAQ 100 is rising even more and the other two indices are showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
Yesterday was a fantastic bullish session. The S&P 500 rose high above the R1 resistance level, set the new all-time high and finished the session above the 4450. Today the price is showing mixed sentiment. If the bulls show their strength once again, the price might even reach 4470 today. But if the bears take control over the market, the price could drop to the Pivot Point.
NASDAQ 100 also rose significantly yesterday. The price finished the session high above the EMA 200. Today it is rising even more. If the buyers continue generating firm demand, the price might even reach the R1 resistance level today. But if the bears counterattack, the price could fall below the Pivot Point.
Dow Jones Industrial Average
The DJIA index managed to rise a bit yesterday as well. The price set the new all-time high and finished the session above 35400. However, it is showing mixed sentiment today and the volatility is rather low. If the bulls show their strength once again, the price might rise significantly above 35500 today. But if the bears take control over the market, the price could drop below the Pivot Point.