The American indices rose strongly on Friday. All three of them finished the last session of the week above their R1 w levels, the S&P 500 and the Dow Jones Industrial Average even set their new all-time highs. Today, the NASDAQ 100 is showing mixed sentiment, and the other two are rising a bit. 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 strongly on Friday. The price finished the last session of the week above the R1 resistance level and set the new all-time high. Today it is rising even more. If the buyers continue generating firm demand, the price might rise above today’s R1 or even reach 4250. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week above the R1 resistance level and 13700. Today, it is showing mixed sentiment, though. Right now the bears are getting close to the Pivot Point. If the buyers don’t generate some serious demand there, the price could even drop to the S1 support level. But if they do, the price might even reach today’s R1.
Dow Jones Industrial Average
The DJIA index rose strongly on Friday as well. The price finished the last session of the week a little below the R2 resistance level and set the new all-time high. Today it is rising even more. If the buyers continue generating firm demand, the price might rise above today’s R1 or even reach 35000. But if the bears counterattack, the price could drop to the Pivot Point.
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