Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average went down, but the NASDAQ 100 managed to rise. 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
Yesterday was a really interesting session. First, during the Asian trading session, the S&P 500 reached 4355. Then, at the beginning of the European trading session, the price started falling. It even dropped below the S1 support level and reached 4295 in the late afternoon. However, the price managed to rise in the evening. In consequence, the S&P 500 finished the session at 4325.
During today’s Asian trading session, the price dropped below 4315. Then, in the morning, it started rising. Right now the bulls are attacking the Pivot Point. If they do it successfully, the price might even go up above 4330 and reach the EMA 200. But if they fail, the price could even fall to 4310 today.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, during the Asian trading session, the price reached 15010. Then, at the beginning of the European trading session, it started falling. The price even dropped below 14830 at the beginning of the American trading session. Right after that, it started rising strongly. Two hours later, the price even went up above the R1 resistance level and 15040. After that, it started falling once again. In the early evening, the price returned below the EMA 200 and 14870. However, during the last two hours of the American trading session, it managed to rise one more time. In consequence, the NASDAQ 100 finished the day slightly below 15000.
During today’s Asian trading session, the price dropped below the Pivot Point and 14950. Then, in the morning, it started rising. If the buyers continue generating sufficient demand, the price might even reach 15050 today. But if the bears counterattack, the price could fall to the EMA 200.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, during the Asian trading session, the price managed to rise above 33930. Then, at the beginning of the European trading session, it started falling. The price even dropped below the S1 support level and 33440 in the late afternoon. However, it managed to rise in the evening. In consequence, the Dow Jones Industrial Average finished the session slightly below 33650.
During today’s Asian trading session, the price dropped below 33550. Then, in the morning, it started rising. If the buyers continue generating sufficient demand, the price might go up above the Pivot Point and 33700. But if the bears counterattack, the price could even fall to 33500 today.
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