On Friday the S&P 500 and Dow Jones Industrial Average showed mixed sentiment, but the NASDAQ 100 went down. 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 showed mixed sentiment on Friday. First the price dropped to the S1 support level, then it rose and finished the last session of the week a little below 4540. Today it is still showing mixed sentiment. If the buyers take control over the market, the price might go up above the EMA 200 and reach 4560. But if the bears show their strength, the price could fall to today’s S1.
NASDAQ 100
NASDAQ 100 went down on Friday. The price finished the last session of the week at 14850. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 200 and reach 14950. But if the bears show their strength, the price could drop to the S1 support level.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment on Friday. First the price dropped to the S1 support level, then it rose and finished the last session of the week at 34700. Today it is still showing mixed sentiment. If the buyers take control over the market, the price might reach the R1 resistance level and 34900. But if the bears show their strength, the price could fall to today’s S1 and 34500.
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