American indices finally regain their strength after yesterday's bearish session. If this positive mood continues, Dow Jones might hit R2 while SPX and NASDAQ reach EMA 200.

Yesterday the American indices went down. Today all three of them are rising strongly, 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 went down a bit yesterday. The price finished the session a little below 3,670. Today it is rising strongly, though. The price is already above the R1 resistance level and 3720. If the buyers continue generating firm demand, the price might go up above 3,750 and reach the EMA 200 and today’s R2. But if the bears counterattack, the price could return below 3,700 and reach Pivot Point.

SPX

 

NASDAQ 100

NASDAQ 100 also went down a bit yesterday. The price finished the session at 11,315. Today it is rising strongly, though. Right now the bulls are attacking 11,500. If they do it successfully, the price might go up above the EMA 200 and reach 11,650 and the R2 resistance level. But if they fail, the price could return below 11,400 and reach Pivot Point.

Nasdaq

 

Dow Jones Industrial Average

The DJIA index went down yesterday as well. The price finished the session a little above 29,330. Today it is rising strongly, though. The price is already above the R1 resistance level and 29,700. If the buyers continue generating firm demand, the price might go up above 29,900 and reach today’s R2. But if they fail, the price could return below 29,500 and reach Pivot Point.

DJIA

 

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