The American indices rose strongly on Friday. The S&P 500 and the Dow Jones Industrial Average finished the session above their R1 resistance levels, and NASDAQ 100 rose above the R2. Today, all three of them are going down a bit, but volatility is pretty low. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
That was a great bullish session on Friday. The EURUSD finished the last session of the week high above the R1 resistance level. Today, it is going down a bit, though. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might even rise to 4190 today.
NASDAQ 100
NASDAQ 100 was the strongest one on Friday. The price finished the last session of the week at the R2 resistance level. Today, it is going down a bit, though. If the buyers don’t generate some serious appetite soon, the price could drop below the EMA 200. But if they do, the price might even rise to 13500.
Dow Jones Industrial Average
The DJIA index also rose significantly on Friday. The price finished the last session of the week slightly above the R1 resistance level. Today, it is going down a bit, though. Right now the bears are attacking the Pivot Point. If the buyers don’t manage to defend that level, the price could drop below the S1 support level today. But if they do, the price might even rise to the R1.
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