Two major indexes recorded new all-time highs at last week's close. Then, what is the market outlook like today? Will the Bullish continue? Check out the review.

On Friday all three American indices rose strongly. S&P 500 and Dow Jones Industrial Average even set their new all-time highs. Today, after the weekend, the prices opened even higher. However, they started going down during the Asian trading session. All three of them are defending their Pivot Points, though. What can they do next? Let’s try to answer that question in an analysis. S&P 500 first:

 

S&P 500

Friday was another great bullish session for the S&P 500. The price finished the last session of the week above the R2 resistance level setting the new all-time high. After the weekend the price opened even higher, but then it started going down. It has just breached Pivot Point. If the buyers don’t generate some serious appetite, the price could even go down to the EMA 200. But if they do, the price might retest 3,700.

snp today

 

NASDAQ 100

NASDAQ 100 was definitely weaker than the S&P 500, but it also went up a bit on Friday. The price finished the last session of the week above 12,500 and the Pivot Point. It even opened significantly higher after the weekend, but then it started going down. Right now, the bears are attacking the Pivot Point. If they do it successfully, the price could even drop below the S1 support level. However, if the buyers generate some appetite, the price might test the R1 resistance level.

nasdaq 100

 

Dow Jones Industrial Average

The DJIA index was also really strong on Friday. The price finished the last session of the week significantly above the R1 resistance level setting the new all-time high. After the weekend the price opened even higher, but then it started going down. It has just breached Pivot Point. If the buyers don’t generate some serious appetite, the price could even go down below the 30000 and test the EMA 200. But if they do, the price might retest 30,250.

djia today

 

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