Yesterday the S&P 500 and NASDAQ 100 showed mixed sentiment, but the Dow Jones Industrial Average managed to rise. 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 showed mixed sentiment yesterday. First the price rose high above the R1 resistance level. Then it dropped and finished the session a little below 4150. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength, the price might go up above the Pivot Point and 4160 today. But if the bears take control over the market, the price could fall below the EMA 200 and reach 4130.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. First the price rose above the R1 resistance level. Then it dropped and finished the session a little above 13200. Today it is going down a bit. If the buyers don’t generate some serious appetite soon, the price could fall below the EMA 200 and 13150. But if they do, the price might go up above the Pivot Point and 31250.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price managed to rise and finished the session above 32800. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might go up above 32900. But if the bears take control over the market, the price could fall to the EMA 200.
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