After a good rebound yesterday, American indices continue to climb. They might reach today's R2 if the bear doesn't counterattack.

Yesterday the American indices managed to rise a bit. Today all three of them are going up even more. 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 managed to rise yesterday. The price finished the session at 3,715, exactly at the R1 resistance level. Today it is going up even more. The price is already above 3,740 and today's R1. If the buyers continue generating firm demand, the price might rise above 3,760 and reach today's R2. But if the bears counterattack, the price could return below 3,720.

S&P 500

 

NASDAQ 100

NASDAQ 100 also managed to rise yesterday. The price finished the session at 11,420, exactly at the R1 resistance level. Today it is going up even more. The price is already above 11,500 and today's R1. If the buyers continue generating firm demand, the price might rise above today's R2 and reach 11,600. But if the bears counterattack, the price could drop to the EMA 200.

NASDAQ 100

 

Dow Jones Industrial Average

The DJIA index managed to rise a bit yesterday as well. The price finished the session above 30,100 and Pivot Point, slightly below the R1 resistance level. Today it is going up even more. The price is already above 30,300 and today's R1. If the buyers continue generating firm demand, the price might reach 30,500 and today's R2. But if the bears counterattack, the price could return below 30,200.

DJIA

 

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