On Friday the American indices showed mixed sentiment. Today, the S&P 500 and NASDAQ 100 are still showing mixed sentiment but the Dow Jones Industrial Average is going down a bit. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Friday was a pretty volatile sesion. First the S&P 500 dropped significantly below the S1 support level. Then it managed to rise, but still finished the last session of the week a little below the EMA 200. Today it is showing mixed sentiment. Right now the buyers are attacking the Pivot Point. If they do it successfully, the price might go up above 4500. But if they fail, the price could even fall to today’s S1.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment on Friday. First the price dropped significantly below the S1 support level. Then it managed to rise, but still finished the last session of the week a little below the EMA 200 and the Pivot Point. Today it is showing mixed sentiment. If the buyers take control over the market, the price might go up above 14800 today. But if the bears show their strength, the price could even fall to today’s S1.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment on Friday as well. First the price dropped significantly below the S1 support level. Then it managed to rise, but still finished the last session of the week a little below the EMA 200. Today it is going down a bit. If the buyers don’t generate some serious appetite soon, the price could fall to today’s S1. But if they do, the price might go up above the EMA 200 and 35100.
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