Yesterday the American indices showed mixed sentiment. Today,still nothing really happens. 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 showed mixed sentiment yesterday. The price finished the session at 3910. Today it is still showing mixed sentiment. If the bulls show their strength, the price might rise above the R1 resistance level and reach 3950. But if the bears take control over the market, the price could drop below 3890 and reach the S1 support level.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session slightly above 12070. Today it is still showing mixed sentiment. If the bulls show their strength, the price might reach 12200. But if the bears take control over the market, the price could drop below 12000 and reach the S1 support level.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday as well. The price finished the session at 31450. Today it is still showing mixed sentiment. If the bulls show their strength, the price might rise above the R1 resistance level and reach 31700. But if the bears take control over the market, the price could drop to 31300 and the S1 support level.
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