On Friday, the American indices one more time performed differently. The Dow Jones Industrial Average was the strongest, it rose significantly and set the new all-time high. On the other hand, the S&P 500 showed mixed sentiment and the NASDAQ 100 dropped a bit. During the first hours of the current week, all three of them managed to rise. However, after that they started going down. 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 showed mixed sentiment on Friday. First the price dropped below the Pivot Point, but in the afternoon it managed to rise. During the first hours of this week, it continued going up and tested the R1 resistance level, but after that it started falling. Right now the price is getting close to the Pivot Point. If the buyers don’t generate some serious appetite pretty soon, the price could drop below the S1 support level today. But if they do, the price might rise above the R1 and set the new all-time high.
NASDAQ 100
NASDAQ 100 was the weakest of the three on Friday. First the price dropped below the S1 support level, but in the afternoon it managed to rise a bit. During the first hours of this week, it continued going up, but after that it started falling. Right now the price is getting close to the EMA 200. If the buyers don’t generate some serious appetite pretty soon, the price could drop below the S1 today. But if they do, the price might rise above 13000.
Dow Jones Industrial Average
The DJIA index was without a doubt the strongest one on Friday. The price rose above the R1 resistance level and set the new all-time high. After the weekend it even opened significantly higher. However, after a few hours of today’s Asian trading session, the price started going down. If the buyers don’t generate some serious appetite pretty soon, the price could fall to the Pivot Point today. But if they do, the price might rise above the R1.
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