Yesterday the S&P 500 and the NASDAQ 100 managed to rise and the Dow Jones Industrial Average showed mixed sentiment. However, all three American indices are going down today. 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 a bit yesterday. The price finished the session above the Pivot Point and 4280. However, it is going down today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might return above the Pivot Point and 4280. But if they fail, the price could even fall below 4250.
NASDAQ 100
NASDAQ 100 also managed to rise a bit yesterday. The price finished the session slightly above the Pivot Point and 13530. However, it is going down today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might return above the Pivot Point and 13500. But if they fail, the price could fall below 13400.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday. The price finished the session a little below 34000. However, it is going down today. Right now the bulls are trying to defend the S1 support level. If they do it successfully, the price might rise above the Pivot Point. But if they fail, the price could even fall to today’s S2.
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