Yesterday the American indices rose strongly. Today all three of them are showing mixed sentiment and the volatility is rather low. 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 at the R2 resistance level, slightly above 4500. Today it is showing mixed sentiment and the volatility is really low. If the buyers show their strength once again, the price might go up above 4520. But if the bears take control over the market, the price could drop below the Pivot Point and 4480.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session slightly above the R2 resistance level and 16640. Today it is showing mixed sentiment and the volatility is really low. If the buyers show their strength once again, the price might go up above 16700. But if the bears take control over the market, the price could drop below the Pivot Point and reach 16500.
Dow Jones Industrial Average
The DJIA index rose significantly yesterday as well. The price finished the session a little above the R1 resistance level, at 34700. Today it is showing mixed sentiment and the volatility is rather low. If the buyers show their strength once again, the price might go up above 34800. But if the bears take control over the market, the price could drop below the Pivot Point and 34500.
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