Yesterday the American indices 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 500 dropped heavily yesterday. The price finished the session at the S2 support level, slightly below 3910. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 3930. But if the bears show their strength once again, the price could drop to 3880.
NASDAQ 100
NASDAQ 100 also dropped heavily yesterday. The price finished the session a little above the S2 support level, slightly below 12030. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 12150. But if the bears show their strength once again, the price could drop below 19050.
Dow Jones Industrial Average
The DJIA index dropped deeply yesterday as well. The price finished the session significantly below the S2 support level, slightly above 31150. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 31350. But if the bears show their strength once again, the price could drop below 31000.
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