Friday was a really volatile session. In the end, the S&P 500 and the Dow Jones Industrial Average went down, but the NASDAQ 100 showed mixed sentiment. After the weekend all three American indices opened a bit higher and they are showing mixed sentiment since then. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday was a really interesting session. At first, the S&P 500 rose significantly, but in the afternoon, after the first 30 minutes of the American trading session, it started going down heavily. The price even dropped below the EMA 200 in the early evening, but then the bulls counterattacked. In consequence, the price finished the last session of the week slightly above 4160.
After the weekend, the price opened 10 pips higher. However, it has been showing mixed sentiment since then and the volatility has been rather low. If the buyers show their strength, the price might rise above 4180 and even reach the R1 resistance level today. But if the bears take control over the market, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 was also really volatile yesterday. At first, the price was going down, but at the start of the American trading session, it rose significantly. Then, in the afternoon, the price started going down heavily. However, in the early evening, the bulls generated some serious appetite and counterattacked. In consequence, the price finished the last session of the week at 13180.
After the weekend, the price opened 30 pips higher. However, it has been showing mixed sentiment since then. If the buyers show their strength, the price might reach 13250 today. But if the bears take control over the market, the price could drop to the Pivot Point.
Dow Jones Industrial Average
The DJIA index was also volatile yesterday as well. At first, the price was going down, but at noon it started rising. Then, an hour before the American trading session, it started going down heavily. The price even reached the EMA 200 in the early evening, but then the bulls counterattacked. In consequence, the price finished the last session of the week exactly at the Pivot Point, slightly above 34000.
After the weekend, the price opened 90 pips higher. However, it has been going down since then. If the buyers don’t generate some serious appetite soon, the price could drop below 34000 today. But if they do, the price might even reach 34150.
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