NASDAQ, S&P 500, and Dow start the week with slight rises although the US recorded a dozen cases of Omicron variant in about 16 states over the weekend.

On Friday all three American indices went down once again. However, they are rising today. What can they do next? Let's try to answer that question in analysis, S&P 500 first:

 

S&P 500

Friday was another bearish session last week. The S&P 500 dropped significantly and finished the last session of the week slightly above the S1 support level, a little below 4,540. However, it opened 7 pips higher after the weekend and has been rising a bit since then. If the buyers continue generating sufficient demand, the price might rise above the EMA 200 today. But if the bears counterattack, the price could fall below the Pivot Point.

s&p 500 today

 

NASDAQ 100

NASDAQ 100 was the weakest one on Friday. The price finished the last session of the week slightly above the S2 support level and 15,700. However, it is rising slowly today. If the buyers continue generating sufficient demand, the price might even reach 16,000 and the EMA 200 today. But if the bears counterattack, the price could fall below 15,500.

nasdaq 100 today

 

Dow Jones Industrial Average

The DJIA index wasn't as weak as the other two indices on Friday. The price dropped a bit, but it finished the last session of the week above the Pivot Point. Moreover, after the weekend it opened 90 pips higher and has been slowly rising since then. If the buyers continue generating sufficient demand, the price might rise high above the R1 resistance level and even reach 35,000. However, if the bears counterattack, the price could fall to the Pivot Point.

djia today

 


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