Yesterday the American indices rose significantly. 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 rose strongly yesterday. The price finished the session exactly at the R2 resistance level, slightly above 3940. Today it is showing mixed sentiment. If the bulls show their strength once again, the price might even go up above 3970 today. But if the bears take control over the market, the price could drop below 3910 and reach the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session exactly at the R2 resistance level, at 12330. Today it is going down a bit, though. The price is already below 12300. If the buyers don’t generate some serious appetite soon, the price could drop below 12200 and reach the Pivot Point. But if they do, the price might even reach 12400 today.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session slightly below the R2 resistance level, at 31800. Today it is showing mixed sentiment. If the bulls show their strength once again, the price might finally go up above 32000 today. But if the bears take control over the market, the price could drop below 31600 and reach the Pivot Point.
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