Yesterday the American indices dropped deeply. Today all three of them 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
Yesterday was a shocking session. The S&P 500 dropped deeply and finished the day significantly below the S3 support level, at 3935. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might even reach 3970. But if the bears show their strength once again, the price could fall below 3920.
NASDAQ 100
NASDAQ 100 also dropped deeply yesterday. The price finished the session below the S4 support level, at 12050. Today it is showing mixed sentiment. If the buyers take control over the market, the price might reach 12200. But if the bears show their strength once again, the price could fall below 12000.
Dow Jones Industrial Average
The DJIA index dropped deeply yesterday as well. The price finished the session below the S4 support level, a little below 31150. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might rise above 31300. But if the bears show their strength once again, the price could fall below 31000.
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