Yesterday the American indices managed to rise. However, all three of them are going down 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 managed to rise yesterday. The price finished the session slightly above 4290. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and reach 4230 today. But if they do, the price might go up above 4300.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price finished the session slightly above the Pivot Point and 13500. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and reach 13350 today. But if they do, the price might go up above 13600 and even reach the R1 resistance level.
Dow Jones Industrial Average
The DJIA index managed to rise yesterday as well. The price finished the session slightly below 34000. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and reach 33600. But if they do, the price might reach 34200 and the EMA 200.
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