Yesterday the American indices dropped significantly. 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 heavily yesterday. The price finished the session significantly below the S1 support level, at 4005. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach 4030. But if the bears show their strength once again, the price could fall below 3990.
NASDAQ 100
NASDAQ 100 also dropped significantly yesterday. The price finished the session at the S1 support level, slightly above 11800. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the EMA 200 and reach 11900. But if the bears show their strength once again, the price could fall below 11750.
Dow Jones Industrial Average
The DJIA index dropped significantly yesterday as well. The price finished the session below the S1 support level, exactly at 34000. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach the EMA 200 and 34200. But if the bears show their strength once again, the price could fall below 33900.
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