Yesterday was a great bullish session for the American indices. All three of them finished the session above their R2 resistance levels. NASDAQ 100 even set the new all-time high. Today, they are showing mixed sentiment and the volatility is rather low. 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 fantastic bullish session. The S&P 500 finished the day above the R2 resistance level and 4260. Today, the price is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might set the new all-time high and even reach 4275. But if the bears take control over the market, the price could drop to the S1 support level.
NASDAQ 100
NASDAQ 100 also was really strong yesterday. The price set the new all-time high, rising above the R2 resistance level and 14400. Today, it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might attack the R1. But if the bears take control over the market, the price could drop to the S1 support level.
Dow Jones Industrial Average
The DJIA index rose high above the R2 resistance level yesterday as well. Today, it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might reach 34300 today. But if the bears take control over the market, the price could drop to the Pivot Point.
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