On Friday 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
Friday was a good bullish session. The S&P 500 rose strongly and finished the last session of the week above the R2 resistance level. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might rise above the R1 and reach 4700. But if the bears take control over the market, the price could drop below the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week above the R2 resistance level. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might even reach today’s R2. But if the bears take control over the market, the price could drop below the Pivot Point and the EMA 200.
Dow Jones Industrial Average
The DJIA index rose significantly on Friday as well. The price finished the last session of the week at the R1 resistance level, the EMA 200 and 36000. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach today’s R2. But if the bears take control over the market, the price could drop below the Pivot Point.
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