On Friday the American indices went down. Today all three of them are showing mixed sentiment. 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 dropped significantly on Friday. The price finished the last session of the week below the S1 support level and 3600. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 3630. But if the bears show their strength once again, the price could even reach 3570.
NASDAQ 100
NASDAQ 100 also dropped significantly on Friday. The price finished the last session of the week at the S1 support level, slightly above 11030. Today it is going down even more. If the buyers don’t generate some serious appetite soon, the price could fall below today’s S1 and reach 10900. But if they do, the price might reach 11100.
Dow Jones Industrial Average
The DJIA index dropped significantly on Friday as well. The price finished the last session of the week below the S1 support level, slightly below 28800. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 29100. But if the bears show their strength once again, the price could reach 28600.
SSL Secured