Yesterday the American indices showed mixed sentiment. Today all three of them are rising slowly, though. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Yesterday was a really interesting session. First the S&P 500 managed to rise. The price even went up above 4200 in the late afternoon. However, it dropped in the evening. In consequence, the price finished the session at 4180.
Today, the S&P 500 is rising slowly. The volatility is rather low, though. If the buyers continue generating sufficient demand, the price might even go up above the R1 resistance level and reach 4200. But if the bears counterattack, the price could drop to 4170.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session slightly above the Pivot Point, a little below 13290. Today, it is rising slowly. The volatility is rather low, though. If the buyers continue generating sufficient demand, the price might even go up above the R1 resistance level and reach 13350. But if the bears counterattack, the price could drop to 13250.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday as well. First, the price managed to rise. The price even reached the R1 resistance level in the late afternoon. However, it dropped in the evening. In consequence, the price finished the session a little above 34100.
Today, the S&P 500 is slightly rising. The volatility is really low, though. If the buyers show their strength, the price might even reach the R1 resistance level. But if the bears take control over the market, the price could drop to 34050.
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