Yesterday, the American indices performed differently. S&P 500 and NASDAQ 100 rose strongly. The S&P 500 finally set the new all-time high and finished the session above the R1 resistance level. NASDAQ 100 ended the Thursday high above the R2. However, the Dow Jones Industrial Average showed mixed sentiment. Today, the S&P 500 and NASDAQ 100 are showing mixed sentiment, but the DJIA index is rising. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
Yesterday was a good, bullish session for the S&P 500. The index finally set the new all-time high and finished the session high above the R1 resistance level. Today, the price is showing mixed sentiment. If the buyers show their strength once again, the price might reach 4250 today. But if the bears take control over the market, the price could drop below the Pivot Point.
NASDAQ 100 was definitely the strongest one yesterday. The price rose high above the R2 resistance level. Today, it is showing mixed sentiment, though. If the buyers show their strength once again, the price might finish the week above 14000. But if the bears take control over the market, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index was much weaker than the other two yesterday. First, the price rose significantly and got close to the R2 resistance level, but then, in the afternoon, it dropped and finished the session below the Pivot Point. Today, it is slightly going up, though. If the buyers continue generating sufficient demand, the price might rise above the EMA 200. But if the bears counterattack, the price could fall to 34300.