Yesterday the American indices managed to rise. Today all three of them are showing mixed sentiment. 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 at the EMA 200, slightly below 3920. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might reach 3940. But if the bears take control over the market, the price could drop below the Pivot Point and reach 3900 today.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price rose significantly and finished the session high above the R1 resistance level, a little below 12200. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might reach today’s R1 and 11300. But if the bears take control over the market, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index managed to rise yesterday as well. The price finished the session at 32100. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might go up above the EMA 200 and reach 32300. But if the bears take control over the market, the price could drop to 31900 today.
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