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Indices Mixed after Last Week's Bullish Strike



Jan 9, 2023  
SPX, NASDAQ, and DJIA are traded carefully. If the bull return, US Indices will reach 3940, 11,180, and 33,900 respectively.

On Friday the American indices rose strongly. Today all three of them are showing mixed sentiments, though. What can they do next? Let's try to answer that question in an analysis. S&P 500 first:

 

S&P 500

The S&P 500 rose strongly on Friday. The price finished the last session of the week above the R2 resistance level, slightly below 3920. Today it is showing mixed sentiments. If the buyers show their strength once again, the price might reach 3940 today. But if the bears take control over the market, the price could drop below 3910. But, it will still be above Pivot Point.

 

NASDAQ 100

NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week slightly below the R2 resistance level and 11,110. Today it is showing mixed sentiments. If the buyers show their strength once again, the price might go up above 11,180. But if the bears take control over the market, the price could drop below 11,090.

 

Dow Jones Industrial Average

The DJIA index rose strongly on Friday as well. The price finished the last session of the week above the R2 resistance level, slightly below 33,800. Today it is showing mixed sentiments. If the buyers show their strength once again, the price might even reach 33,900 today. But if the bears take control over the market, the price could drop below 33,700.

 


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