Yesterday was finally a great, bullish session for the American indices. All three of them rose significantly, the S&P 500 and the NASDAQ 100 even finished the day above their R1 resistance levels. Today, the S&P 500 and the Dow Jones Industrial Average are rising, but the NASDAQ 100 is showing mixed sentiment. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday was a good bullish session. The S&P 500 rose strongly and finished the session above the R1 resistance level. Today, the price is going up even more. If the buyers continue generating firm demand, the price might reach 4350 today. But if the bears counterattack, the price could drop below the EMA 200.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session above the R1 resistance level. Today, it is showing mixed sentiment, though. If the buyers show their strength once again, the price might rise above 14800 today. But if the bears take control over the market, the price could drop below the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price finished the session at the R1 resistance level. Today, the price is going up even more. If the buyers continue generating firm demand, the price might even reach the R2 today. But if the bears counterattack, the price could drop below the EMA 200.
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