The US indices are trying to break their resistance levels respectively, with DJIA being the most slow-heated.

The American indices showed their strength once more and set new highs during the first half of the Asian trading session. Now they are slightly lower. What can we expect next? We'll find out below, let's start.

american indices

 

S&P 500

After setting the new all-time high, the S&P 500 fell down a bit. Now the bulls are trying to defend the R1 level, which is currently acting as a support. If they do it successfully, going up and testing the R2 resistance level will be the most possible scenario. If they fail, the price can go down to 3500 and test the Pivot Point level. However, only falling below it would flip the daily chart bearish.

snp stock

 

NASDAQ 100

NASDAQ 100 went even higher during the Asian trading session. Unfortunately, it failed to hold above the R2 resistance level and the price is now going down to the R1, which is acting as a support at the moment. If it attracts the buyers' interest, the price can bounce from there and attack the all-time highs one more time. If it isn't, the price can go down to the Pivot Point. However, only falling below it would negate the bullish bias, which is still in play.

nasdaq analysis

 

Dow Jones Industrial Average

Once more, the DJIA index seems to be the weakest of the three. It didn't manage to hold above the R1 resistance level this morning and right now the price is trying to defend the 28,700. Although, it's not likely that it will generate the buyers' interest here. Going down to the Pivot Point and starting an upward rally to the R1 from there is a more possible scenario. However, if the price successfully beats the Pivot Point, it will flip the daily chart bearish and negate the current bullish bias.

djia today

 

EXCO is a broker for traders to to trade financial markets on leverage through multiply asset trading platforms. Be that pricing, execution or promotions, they emphasize that what they advertise is what they give to clients, regardless of the size of their investment.