Yesterday the American indices showed mixed sentiment. Today all three of them are going down, 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. First the price rose strongly and reached the R1 resistance level. Then it dropped significantly and finished the session below the EMA 200, at 4120. Today the price is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below the S1 support level and reach 4080. But if they do, the price might go up above 4120 and the EMA 200.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. First the price rose above 12800, then it dropped significantly and finished the session a little above 12600. Today the price is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below the S1 support level and reach 12450. But if they do, the price might reach the EMA 200.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday as well. First the price rose strongly and reached the R1 resistance level. Then it dropped significantly and finished the session a little above 32900. Today the price is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below the S1 support level and reach 32600. But if they do, the price might reach the EMA 200.
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