Yesterday the American indices managed to rise once again. Today The S&P 500 and the NASDAQ 100 are going down slowly and the Dow Jones Industrial Average is 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
The S&P 500 managed to rise yesterday. The price finished the session slightly above 4290. Today it is going down slowly, but the volatility is really low. If the buyers don’t generate some serious appetite soon, the price could even drop to the S1 support level and 4260 today. But if they do, the price might reach 4310.
NASDAQ 100
NASDAQ 100 also managed to rise yesterday. The price finished the session at the R1 resistance level, slightly above 13670. Today it is going down slowly, but the volatility is rather low. If the buyers don’t generate some serious appetite soon, the price could even drop below 13550 and reach the S1 support level. But if they do, the price might rise above 13700.
Dow Jones Industrial Average
The DJIA index managed to rise yesterday as well. The price finished the session a little below the R1 resistance level, above 33800. Today it is showing mixed sentiment. The volatility is rather low, though. If the buyers show their strength once again, the price might even reach 34000 today. But if the bears take control over the market, the price could drop below the Pivot Point and 33700.
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