Yesterday the American indices managed to rise. Today they are showing mixed sentiment and the volatility is rather low. 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 managed to rise yesterday. The price finished the session slightly below the EMA 200 and 4440. 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 the R1 resistance level and 4460. But if the bears take control over the market, the price could drop below the Pivot Point.
NASDAQ 100
NASDAQ 100 rose significantly yesterday. The price finished the session above the R1 resistance level and 14200, exactly at the EMA 200. Today it is going up even more. If the buyers continue generating sufficient demand, the price might reach today’s R1. But if the bears counterattack, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index also rose significantly yesterday. The price finished the session a little below the R1 resistance level, above 34450. 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 today’s R1. But if the bears counterattack, the price could drop below the EMA 200.
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