Yesterday the S&P 500 and NASDAQ 100 showed mixed sentiment, but the Dow Jones Industrial Average went down. Today, all three of them are falling, though. From the data front, all eyes will be focused on the nonfarm payrolls and the unemployment rate in December. 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 slightly above 4690. However, it is going down today. The price is already below the Pivot Point. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level today. But if they do, the price might rise above 4700 and even reach the R1 resistance level.
NASDAQ 100
NASDAQ 100 showed mixed sentiment yesterday. The price finished the session at 15800. However, it is going down today. The price is already below the Pivot Point. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level today. But if they do, the price might even reach the R1 resistance level.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped significantly and finished the session slightly above the S1 support level. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below 36000 today. But if they do, the price might rise above the Pivot Point.
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