Daily Outlook for NASDAQ 100, S&P 500 and Dow Jones Industrial Average

Yesterday was a really volatile session and the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average rose significantly, but the NASDAQ 100 dropped. During today’s Asian trading session all three of them went down, but this morning they started rising. 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 really interesting session for the S&P 500. First, the price set the new all-time high and tested the R2 resistance level, then it dropped and tested the S1 support level. After that it rose strongly once again and finished the day at 4200. During today’s Asian trading session the price dropped significantly, but this morning it started going up once again and right now it is above the Pivot Point. If the buyers continue generating firm demand, the price might set the new all-time high today. But if the bears take control over the market, the price could fall to the EMA 200.

NASDAQ 100

NASDAQ 100 was also really volatile yesterday. First the price tested the R2 resistance level and set the new all-time high, then it dropped and tested the S2 support level. After that, it rose once again, but in the end it finished the day a little below the Pivot Point. During today’s Asian trading session the price dropped significantly, but this morning it started going up once again. If the buyers continue generating sufficient demand, the price might rise above the Pivot Point and the EMA 200 today. But if the bears take control over the market, the price could fall to the S1.

Dow Jones Industrial Average

The DJIA index was really volatile yesterday as well. First the price rose above the R1 resistance level, then it dropped and tested the S1 support level. After that, it rose strongly once again and finished the day a little below the R2. During today’s Asian trading session the price dropped significantly, but this morning it started going up once again. If the buyers continue generating firm demand, the price might reach 34000 today. But if the bears take control over the market, the price could fall below the EMA 200 and the Pivot Point.