Yesterday the S&P 500 and the NASDAQ 100 went down, but the Dow Jones Industrial Average showed mixed sentiment. Today all three of them are rising, 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 went down yesterday. The price finished the session below the Pivot Point, exactly at 4600. However, it is rising today. If the buyers continue generating firm demand, the price might reach the R1 resistance level. But if the bears counterattack, the price could drop below 4590.
NASDAQ 100
NASDAQ 100 also went down yesterday. The price finished the session below the Pivot Point, exactly at 15100. However, it is rising today. If the buyers continue generating firm demand, the price might reach the R1 resistance level. But if the bears counterattack, the price could reach 15000.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price showed mixed sentiment and finished the session slightly above the Pivot Point and 35100. However, it is rising today. If the buyers continue generating firm demand, the price might reach the R1 resistance level. But if the bears counterattack, the price could drop below 35000.
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