Yesterday the American indices showed mixed sentiment. Today, the DJIA index is still showing mixed sentiment, but the S&P 500 and the NASDAQ 100 are rising slowly. The volatility is really low, though. 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. The price finished the session slightly above 4050. Today it is rising slowly. The volatility is really low, though. If the buyers continue generating sufficient demand, the price might reach the R1 resistance level today. But if the bears counterattack, the price could drop below 4040 and reach the S1 support level.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session at 12320. Today it is rising slowly. The volatility is really low, though. If the buyers continue generating sufficient demand, the price might go up above 12400 today. But if the bears counterattack, the price could drop below 12300.
Dow Jones Industrial Average
The DJIA index managed to rise a bit yesterday. The price finished the session slightly below 33500. Today it is showing mixed sentiment. The volatility is really low, though. If the buyers show their strength, the price might reach the R1 resistance level today. But if the bears take control over the market, the price could drop to the S1 support level.
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