Yesterday the American indices showed mixed sentiment. Today all three of them are going down, though. From the data front, retail sales in October will be published in the afternoon. Anyway, let’s move on to the analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday. First the price rose above the R1 resistance level, then it dropped and finished the session at 4680. Today it is going down a bit, though. If the buyers don’t generate some serious appetite soon, the price could fall below the S1 support level. But if they do, the price might rise above the Pivot Point.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. First the price rose and tested the R1 resistance level, then it dropped and finished the session slightly below 16200. Today it is going down a bit, though. If the buyers don’t generate some serious appetite soon, the price could fall to 16100. But if they do, the price might rise above 16250.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday as well. First the price rose high above the R1 resistance level, then it dropped and finished the session at the EMA 200. Today it is going down a bit, though. If the buyers don’t generate some serious appetite soon, the price could fall below the S1 support level. But if they do, the price might rise above the Pivot Point.
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