Yesterday the American indices showed mixed sentiment and the volatility was rather low. Today still nothing really happens, all three of them are going down a little, but the volatility hasn’t increased. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday nothing really happened. The S&P 500 showed mixed sentiment, the price finished the session a little below 4700 and the volatility was rather low. Today the volatility is still very low, but the price is going down slowly. If the buyers don’t generate some serious appetite, the price could drop below the S1 support level today. But if they do, the price might rise above the R1 resistance level and reach 4720.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session slightly below 16400. Today, still nothing really happens. The price is showing mixed sentiment and the volatility is very low. If the buyers show their strength, the price might rise above the R1 resistance level. But if the buyers take control over the market, the price could drop below 16300 and reach the S1 support level.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday as well and the volatility was really low. The price finished the session above 35700. Today the volatility is still very low, but the price is going down slowly. If the buyers don’t generate some serious appetite, the price could drop below the S1 support level today. But if they do, the price might rise above the R1 resistance level and reach 36000.
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