Yesterday all three American indices rose strongly once again. Today all three of them are showing mixed sentiment. 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 rose strongly yesterday. The price finished the session a little above the R2 resistance level and 4100. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might go up above 4120 today. But if the bears take control over the market, the price could drop below 4070 and reach the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session slightly below the R2 resistance level, at 12920. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might even reach 13000 today. But if the bears take control over the market, the price could drop below 12800 and reach the Pivot Point.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R1 resistance level, a little above 32560. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach 32700 today. But if the bears take control over the market, the price could drop below 32400 and reach the Pivot Point.
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