Yesterday the American indices went down. 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
The S&P 500 went down yesterday. The price finished the session exactly at the Pivot Point, slightly below 3840. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might rise above 3870 today. But if the bears show their strength once again, the price could drop below 3820.
NASDAQ 100
NASDAQ 100 also went down yesterday. The price finished the session exactly at the Pivot Point and the EMA 200, slightly above 11900. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and 12000. But if the bears show their strength once again, the price could even drop to the S1 support level and 11800.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session a little above the EMA 200 and 31060. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 31300. But if the bears show their strength once again, the price could drop to 30900.