Yesterday the American indices performed differently. The S&P 500 showed mixed sentiment, the NASDAQ 100 managed to rise a bit and the Dow Jones Industrial Average dropped significantly. Today all three of them are showing mixed sentiment and the volatility is rather low. From the data front, JOLTs job openings in September will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday. The price finished the session slightly below the Pivot Point and 4650. Today it is still showing mixed sentiment. Right now the price is at the Pivot Point. If the buyers take control over the market, the price might rise above the R1 resistance level and the EMA 200. But if the bears show their strength, the price could drop below the S1 support level.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price finished the session at the Pivot Point. Today it is rising slowly. If the buyers continue generating sufficient demand, the price might rise above the EMA 200 today. But if the bears counterattack, the price could drop below 16000 and reach the S1 support level.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped and finished the session at the S1 support level. Today it is still showing mixed sentiment. If the buyers take control over the market, the price might reach the R1 resistance level, 36000 and the EMA 200 today. But if the bears show their strength, the price could drop below 35700.
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