Yesterday the American indices performed differently. The Dow Jones Industrial Average rose significantly, but the S&P 500 and the NASDAQ 100 showed mixed sentiment. Today, all three of them are falling, though. From the data front, the CPI in August will be published. Anyway, let’s start the analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday. The price finished the day at 4475, slightly below the Pivot Point. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might return above the Pivot Point.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday.First the price rose above the Pivot Point, then it dropped below the S1 support level, but in the evening it went up once again and finished the session at 15450. However, it is falling today. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might return above the Pivot Point.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. The price rose significantly and finished the session above 34900. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might rise above the EMA 200.
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