Yesterday the American indices went down. Today, the NASDAQ 100 is rising, the Dow Jones Industrial Average is falling and the S&P 500 is 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, the S&P 500 rose above the R1 resistance level and 4595. Then, at the beginning of the American trading session, it started falling. In consequence, the price finished the day below the day below the S1 support level, at 4555.
Today, the S&P 500 is showing mixed sentiment. The volatility is rather low, though. If the buyers take control over the market, the price might rise above 4560 and even reach the Pivot Point today. But if the bears show their strength, the price could drop below 4550.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price rose above the R1 resistance level and 16030. Then, at the beginning of the American trading session, it started falling. In consequence, the price finished the day slightly above 15810.
During today’s Asian trading session, the NASDAQ 100 reached 15790. Then, in the morning, the price started rising. It is already above 15820. If the buyers continue generating sufficient demand, the price might even reach the Pivot Point today. But if the bears counterattack, the price could drop below 15750.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, the price reached the R2 resistance level and 36350. Then, at the beginning of the American trading session, it started falling. In consequence, the price finished the day slightly above the EMA 200 and 36110.
Today, the Dow Jones Industrial Average is going down even more. It is already below 36060. If the buyers don’t generate some serious appetite soon, the price could even drop below today’s S1 support level and 36000. But if they do, the price might return above the EMA 200 and 36100.
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