US Index Revived in Asian Session, Interesting Path Ahead

After strengthening rapidly in the Asian session, where will the index go? Check out the following analysis.

American indices were strongly going up during today's Asian trading session. Are they coming back to the upwards trend this week? We'll probably find out in the next few days. For now, let's focus on what they can achieve today because the situation is really interesting. Let's start with the S&P 500.

S&P 500

After a very strong bullish Asian trading session, the S&P 500 is above the R1 resistance level and is attacking the EMA 200 right now. If it does it successfully, the price might go even higher, near 3400, and test the R2. However, if it fails to beat it, the price should go down to the R1, which acts as support right now. Furthermore, if it doesn't generate sufficient demand there, it might even go down to the Pivot Point.

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NASDAQ 100

NASDAQ 100 also strongly went up during the Asian trading session. However, it is still below Friday's highs, R1 resistance level, and EMA 200. It can test all three of them soon, though. But, if the bulls aren't strong enough to beat them, the price might go down to the Pivot Point. Furthermore, falling below it would flip the daily chart bearish.

Dow Jones Industrial Average

Surprisingly, the DJIA index seems to be the strongest one right now. During the Asian trading session, it breached the R1 resistance level and then the EMA 200. This morning, it successfully defended it, and right now the price is still going up. It is getting closer and closer to the 28000 and R2, so it'll probably attack it. If it fails to do so, the price might go down below the EMA 200 again and test the R1, which acts as a support at the moment.

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