On Friday, the American indices performed differently. The S&P 500 finished the last session of the week at the R1 resistance level and set the new all-time high. The Dow Jones Industrial Average was even stronger and rose above the R1. On the other hand, the NASDAQ 100 was much weaker and finished the day slightly below the Pivot Point. Today, the S&P 500 and the DJIA index are showing mixed sentiment, but the NASDAQ 100 is rising. What can they do next? Let’s try to answer that question in an analysis:
S&P 500
Friday was a pretty good session for the S&P 500. The price set the new all-time high and finished the last session of the week at the R1 resistance level, a little above 4270. After the weekend, the price opened 4 pips higher, set the new all-time high and has been showing mixed sentiment since then. If the buyers show their strength once again, the price might rise above the R1 and 4280. But if the bears take control over the market, the price could fall below the Pivot Point.
NASDAQ 100
NASDAQ 100 was much weaker on Friday. The price finished the last session of the week slightly below the Pivot Point. However, it is rising today. Right now the bulls are attacking the R1 resistance level. If they do it successfully, the price might reach today’s R2 and set the new all-time high. But if the bears counterattack, the price could drop below the Pivot Point.
Dow Jones Industrial Average
The DJIA index was the strongest one on Friday. The price finished the last session of the week above the R1 resistance level. Today, it is showing mixed sentiment, though. If the buyers show their strength once again, the price might even rise above 34500 today. But if the bears take control over the market, the price could drop below the Pivot Point.
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