Yesterday the American indices performed differently. The S&P 500 showed mixed sentiment, the NASDAQ 100 dropped significantly and the Dow Jones Industrial Average managed to rise. Today all three of them are showing mixed sentiment and the volatility is really low. From the data front the ISM non-manufacturing PMI in January will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday. The price finished the session above 4540 and the Pivot Point. Today, it is showing mixed sentiment and the volatility is very low. If the buyers take control over the market, the price might reach the R1 resistance level and 4580 today. But if the bears show their strength, the price could even drop to 4500.
NASDAQ 100
NASDAQ 100 dropped significantly yesterday. The price finished the session at the S1 support level. Today, it is showing mixed sentiment and the volatility is very low. If the buyers take control over the market, the price might rise above the Pivot Point and 15000. But if the bears show their strength once again, the price could fall below today’s S1 and 14700.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price rose significantly and finished the session above the R1 resistance level and 35500. Today, it is showing mixed sentiment and the volatility is very low. If the buyers show their strength once again, the price might go up above 35700 today. But if the bears take control over the market, the price could drop below the S1 support level.
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