On Friday the American indices rose strongly. Today all three of them are showing mixed sentiment and the volatility is really low. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Friday was a great bullish session. The S&P 500 rose strongly and finished the last session of the week at the R2 resistance level, a little above 4460. Today it is showing mixed sentiment and the volatility is really low. If the buyers show their strength once again, the price might reach 4480 today. But if the bears take control over the market, the price could drop to the S1 support level, a little below 4400.
NASDAQ 100
NASDAQ 100 also rose strongly on Friday. The price finished the last session of the week significantly above the R2 resistance level. Today it is showing mixed sentiment and the volatility is really low. If the buyers show their strength once again, the price might reach 14500. But if the bears take control over the market, the price could drop to the S1 support level.
Dow Jones Industrial Average
The DJIA index rose significantly on Friday as well. The price finished the session above the R1 resistance level, slightly below 34700. Today it is showing mixed sentiment and the volatility is really low. If the buyers show their strength once again, the price might reach 34900. But if the bears take control over the market, the price could drop to the S1 support level slightly below 34300.
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