Yesterday was a really interesting session. The American indices opened much lower after the weekend, but they have been going up the whole session and finished the day close to their levels from the end of last week. 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 finished Friday’s session at 4380. On Monday the price opened almost 100 pips lower. However, it has been rising all day and finished the session at 4370. Today the price is showing mixed sentiment. If the buyers show their strength, the price might rise above 4400. But if the bears take control over the market, the price could drop below 4340, to the Pivot Point.
NASDAQ 100
NASDAQ 100 finished Friday’s session at 14180. On Monday the price opened 410 pips lower. However, it has been rising all day and finished the session above 14200. Today the price is showing mixed sentiment. If the buyers show their strength, the price might reach 14400. But if the bears take control over the market, the price could drop below 14000, to the EMA 200.
Dow Jones Industrial Average
The DJIA index finished Friday’s session a little below 34000. On Monday the price opened slightly above 33600. However, it has been rising all day and finished the session above 33800. Today the price is showing mixed sentiment. If the buyers show their strength, the price might rise above the R1 resistance level. But if the bears take control over the market, the price could drop to the EMA 200.
SSL Secured