Yesterday, the American indices rose during the Asian trading session and set their new all-time highs. After that, they have been showing mixed sentiment for the rest of the day. 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 showed mixed sentiment yesterday. First the price rose above the R1 resistance level and set the new all-time high. Then it dropped, but still finished the session above 4600. Today the price is showing mixed sentiment. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might reach the R1 and set a new all-time high today. But if they fail, the price could drop to the S1 support level.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. First the price rose during the Asian trading session and set the new all-time high. After that, it has been showing mixed sentiment for the rest of the session. Today, still nothing really happened. The volatility is rather low. If the bulls show their strength, the price might reach 16000 today. But if the bears take control over the market, the price could reach the S1 support level.
Dow Jones Industrial Average
Yesterday, the DJIA index showed mixed sentiment as well. First the price rose high above the R1 resistance level and set the new all-time high. Then it dropped and finished the session at the R1. Today the price is still showing mixed sentiment. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might reach the R1 and set a new all-time high today. But if they fail, the price could drop to the S1 support level.
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