Yesterday the American indices rose significantly. Today all three of them are showing mixed sentiment. The volatility is rather low, though. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday was a really interesting session. First, during the early hours of the Asian trading session, the S&P 500 rose above 4980 and reached the R1 resistance level. Then, the price started falling. It even reached 4970 at noon. After that, the price started rising strongly. In consequence, the S&P 500 finished the session at the R3 and 5015.
Today, the price is showing mixed sentiment. The volatility is rather low, though. If the buyers show their strength once again, the price might even reach 5025 today. But if the bears take control over the market, the price could drop to 5000 and the Pivot Point.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, during the early hours of the Asian trading session, the price reached 17710. Then, it started falling. The price even reached 17630 and the EMA 200 in the morning. After that, it started rising strongly. The price even went up above the R2 resistance level and 17870 at the beginning of the American trading session. After that, it started falling slowly. In consequence, the NASDAQ 100 finished the day slightly above 17850.
Today, the price is falling slowly. The volatility is rather low, though. If the buyers don’t generate some serious appetite soon, the price could drop below 17790 and reach the Pivot Point. But if they do, the price might reach 17890 today.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, during the early hours of the Asian trading session, the price managed to rise above 38660. Then, it started falling. The price even dropped below 38550 in the early afternoon. After that, it started rising strongly.
The price even went up above the R2 resistance level and reached 38840 in the early evening. However, during the last three hours of the American trading session, it dropped a bit. In consequence, the Dow Jones Industrial Average finished the day a little above 37780.
During the first hours of today’s Asian trading session, the price reached 37760. Then, it started rising. The price even went up above 37800 at the beginning of the European trading session. After that, it started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 37720 and reach the Pivot Point. But if they do, the price might even reach 38850 today.
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