Yesterday all three American indices rose strongly. Today they 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 slightly above the R2 resistance level, at 4050. 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 4080 today. But if the bears take control over the market, the price could drop below 4030 and reach the Pivot Point.
NASDAQ 100
NASDAQ 100 also rose strongly yesterday. The price finished the session slightly above the R2 resistance level, at 12260. 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 12350 today. But if the bears take control over the market, the price could drop to the Pivot Point and 12150.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session slightly above the R2 resistance level and 32500. 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 32800. But if the bears take control over the market, the price could drop below the Pivot Point. and reach 32300.
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