Yesterday was a really volatile session. In the end, all three American indices went down. Today, they 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
Yesterday was a really interesting session. First, during the Asian trading session, the S&P 500 managed to rise above the Pivot Point, Then, during the European trading session, the price started going down significantly. In consequence, it finished the day slightly above 4070.
Today, the S&P 500 is rising, though. The price is already above the Pivot Point and 4090. If the buyers continue generating firm demand, the price might reach 4110 today. But if the bears counterattack, the price could return below 4080.
NASDAQ 100
NASDAQ 100 was also really volatile yesterday. First, during the Asian trading session, the price managed to rise above the Pivot Point, Then, during the European trading session, it started going down significantly. In consequence, the price finished the day slightly below 13050.
Today, the NASDAQ 100 is rising, though. If the buyers continue generating firm demand, the price might even reach the EMA 200 and 13150 today. But if the bears counterattack, the price could drop to 13050.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, during the Asian trading session, the price rose above the Pivot Point and 33500. Then, during the European trading session, it started going down significantly. The price even reached the S1 support level in the afternoon. After that, it managed to rise a bit in the evening, though. In consequence, the price finished the session slightly below 33200.
Today, the DJIA index is rising, though. If the buyers continue generating firm demand, the price might go up above 33400. But if the bears counterattack, the price could drop to 33100.
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