Yesterday the S&P 500 and NASDAQ 100 showed mixed sentiment, but the Dow Jones Industrial Average dropped a bit. However, all three of them are rising 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 showed mixed sentiment yesterday. The price finished the session slightly above 4450. However, it is rising today. If the buyers continue generating firm demand, the price might go up above the R1 resistance level and 4480. But if the bears counterattack, the price could drop to the Pivot Point.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session slightly below 14380. However, it is rising today. If the buyers continue generating firm demand, the price might go up above the R1 resistance level and 14500. But if the bears counterattack, the price could drop below the Pivot Point and reach 14300.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price went down and finished the session slightly below the Pivot Point and 34500. However, it is rising today. If the buyers continue generating firm demand, the price might reach the R1 resistance level. But if the bears counterattack, the price could drop below the Pivot Point and reach 34400.
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