The bull seems to be going strong for US Indices today. If buyers keep generating enough support, prices will reach R1.

On Friday the American indices performed differently. The S&P 500 and the NASDAQ 100 went down, but the Dow Jones Industrial Average managed to rise. Today all three of them are going up, 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 a really volatile session. First, the S&P 500 dropped below the S2 support level. Then it managed to rise, but still, it finished the last session of the week below 4,150. Today, it is going up, though. If the buyers continue generating firm demand, the price might rise above 4,170 and reach the R1 resistance level. But if the bears counterattack, the price could drop below 4,140.

S&P 500

 

NASDAQ 100

NASDAQ 100 went down significantly on Friday. The price finished the last session of the week at the S1 support level, slightly below 13,230. However, it is rising today. If the buyers continue generating firm demand, the price might reach the R1 resistance level. But if the bears counterattack, the price could drop below 13,200.

NASDAQ 100

 

Dow Jones Industrial Average

The DJIA index also was really volatile on Friday. First, the price dropped to the S2 support level. Then it managed to rise, and finished the last session of the week above the Pivot Point, at 32,750. Today it is rising even more. If the buyers continue generating firm demand, the price might go up above the R1 resistance level and reach 33,000. But if the bears counterattack, the price could drop below 32,800.

DJIA

 


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