US Stocks start to gather some strength today. If the prices continue to rise, SPX and Dow Jones might even penetrate the EMA 200.

Yesterday the S&P 500 and the Dow Jones Industrial Average dropped a bit. On the other hand, NASDAQ 100 showed mixed sentiment. Today all three American indices are rising, 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 dropped a bit yesterday. The price finished the session exactly at 3,900. However, it is rising today. Right now the bulls are attacking 3,940 and the R1 resistance level. If they do it successfully, the price might go up above the EMA 200 and reach 3,970. But if they fail, the price could fall to the Pivot Point and 3,900.

S&P 500

 

NASDAQ 100

NASDAQ 100 wasn't as weak as the other two indices yesterday. The price showed mixed sentiment and finished the session exactly at 11,900. However, it is rising today. The price is already above 12,050. If the buyers continue generating firm demand, the price might go up above the EMA 200 and reach 12,150. But if the bears counterattack, the price could drop to 11,900.

NASDAQ 100

 

Dow Jones Industrial Average

The DJIA index went down yesterday. The price finished the session exactly at 31,200. However, it is rising today. Right now the bulls are attacking the R1 resistance level and 31,500. If they do it successfully, the price might even reach the EMA 200, today's R2 and 31,800. But if they fail, the price could drop below the Pivot Point and reach 31,200 again.

DJIA

 


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