Yesterday all three American indices went down. Today, the NASDAQ 100 is rising slowly and the other two indices are showing mixed sentiment. The volatility is rather low, though. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday, the S&P 500 dropped significantly. The price finished the session below the S1 support level. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might reach the R1 resistance level and the EMA 200 today. But if the bears show their strength once again, the price could fall below 4430.
NASDAQ 100
NASDAQ 100 also dropped yesterday. The price finished the session slightly below 15400. Today it is rising slowly though, but the volatility is rather low. If the buyers continue generating sufficient demand, the price might reach the R1 resistance level and the EMA 200 today. But if the bears counterattack, the price could fall below 15350.
Dow Jones Industrial Average
The DJIA index dropped heavily yesterday as well. The price finished the session significantly below the S1 support level. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might reach the EMA 200. But if the bears show their strength once again, the price could fall below 34500.
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