On Friday the American indices dropped significantly once again. After the weekend all three of them opened a bit higher, but they have been showing mixed sentiment since then. 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 significantly on Friday. The price finished the last session of the week slightly below the S1 support level and 3865. However, after the weekend the price opened 20 pips higher, but it has been showing mixed sentiment since then. If the buyers take control over the market, the price might even reach the R1 resistance level and 3920 today. But if the bears show their strength once again, the price could even fall below 3850.
NASDAQ 100
NASDAQ 100 also dropped significantly on Friday. The price finished the last session of the week at the S1 support level, slightly below 11850. However, after the weekend the price opened 50 pips higher, but it has been showing mixed sentiment since then. If the buyers take control over the market, the price might even rise above 12000 and reach the R1 resistance level. But if the bears show their strength once again, the price could even fall to 11800.
Dow Jones Industrial Average
The DJIA index dropped significantly on Friday as well. The price finished the last session of the week a little below the S1 support level, slightly above 31900. However, after the weekend the price opened 110 pips higher, but it has been showing mixed sentiment since then. If the buyers take control over the market, the price might even reach 32300 and the R1 resistance level. But if the bears show their strength once again, the price could even fall to 31800.
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