Yesterday the American indices dropped heavily. Today all three of them are showing mixed sentiment, but the volatility is rather low. 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 slightly above the S2 support level and 3940. Today it is showing mixed sentiment. The volatility is rather low, though. If the buyers take control over the market, the price might rise above the Pivot Point and reach 3970. But if the bears counterattack, the price could drop below 3930.

SP 500

NASDAQ 100

NASDAQ 100 also dropped heavily yesterday. The price finished the session below the S2 support level, slightly below 11570. Today it is showing mixed sentiment. The volatility is rather low, though. If the buyers take control over the market, the price might rise above the Pivot Point and reach 11650. But if the bears counterattack, the price could drop below 11500.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index dropped heavily yesterday as well. The price finished the session slightly above the S2 support level, a little above 33630. Today it is showing mixed sentiment. The volatility is rather low, though. If the buyers take control over the market, the price might rise above the Pivot Point and reach 33800. But if the bears counterattack, the price could drop below 33500.

Dow Jones