On Friday the S&P 500 and the Dow Jones Industrial Average managed to rise, but the NASDAQ 100 showed mixed sentiment. Today all three of them are going down, 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 managed to rise on Friday. The price finished the last session of the week a little below the R1 resistance level, at 4535. However, it is going down today. Right now the bulls are trying to defend the Pivot Point. If they do it successfully, the price might go up above 4540 today. But if they fail, the price could drop below the S1 support level and reach 4500.
NASDAQ 100
NASDAQ 100 showed mixed sentiment yesterday. The price finished the last session of the week at 14750. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level and 14600 today. But if they do, the price might reach 14800.
Dow Jones Industrial Average
The DJIA index managed to rise on Friday. The price finished the last session of the week a little below the R1 resistance level 34750. However, it is going down today. If the buyers don’t generate some serious appetite soon, the price could drop to the S1 support level. But if they do, the price might reach 34800.
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