Yesterday was a really volatile session. In the end, the S&P 500 and the NASDAQ 100 rose significantly and the Dow Jones Industrial Average showed mixed sentiment. Today all three American indices are falling, though. 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 was really volatile yesterday. First the price dropped slightly below the S2 support level. Then, in the afternoon it rose strongly and finished the session a little above the Pivot Point, slightly below 4270. However, the price is going down today. If the buyers don’t generate some serious appetite soon, the price could fall below the Pivot Point and 4200. But if they do, the price might rise above the EMA 200.
NASDAQ 100
NASDAQ 100 was also really volatile yesterday. First the price dropped heavily and reached the S2 support level. Then, in the afternoon, it rose strongly and finished the session at the R1 resistance level, near 13900. However, the price is going down a bit today. If the buyers don’t generate some serious appetite soon, the price could fall to the Pivot Point and 13600. But if they do, the price might rise above 14000.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday. First the price dropped below the S2 support level. Then, in the afternoon, it managed to rise and finished the session slightly above 33000. However, the price is going down a bit today. If the buyers don’t generate some serious appetite soon, the price could fall to today’s S1 and 32400. But if they do, the price might rise to the EMA 200.
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