On Friday the American indices went down. 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 went down on Friday. The price finished the last session of the week below the Pivot Point, at 3965. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might rise above the Pivot Point and even reach 4000. But if the bears show their strength once again, the price could drop below the EMA 200 and reach 3940.
NASDAQ 100
NASDAQ 100 also went down on Friday. The price finished the last session of the week a little above the S1 support level and 12420. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might rise above the Pivot Point and reach 12500. But if the bears show their strength once again, the price could drop below the EMA 200 and reach 12350.
Dow Jones Industrial Average
The DJIA index went down on Friday as well. The price finished the last session of the week a little above the Pivot Point, slightly below 31900. Today it is showing mixed sentiment and the volatility is rather low. If the buyers take control over the market, the price might reach 32000. But if the bears show their strength once again, the price could drop below the EMA 200 and reach 31700.
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