Yesterday the American indices rose significantly once again. However, the S&P 500 and the NASDAQ 100 are going down today and the Dow Jones Industrial Average 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
The S&P 500 rose significantly once again yesterday. The price finished the session a little below the R1 resistance level, slightly above 3810. Today, it is going down slowly, though. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and the EMA 200 and reach 3790. But if they do, the price might rise above 3820.
NASDAQ 100
NASDAQ 100 also rose significantly yesterday. The price finished the session at the R1 resistance level, slightly above 11000. Today, it is going down slowly, though. If the buyers don’t generate some serious appetite soon, the price could drop below the Pivot Point and reach 10900. But if they do, the price might rise above 11050.
Dow Jones Industrial Average
The DJIA index rose strongly yesterday as well. The price finished the session high above the R1 resistance level, slightly above 32800. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might even reach 33000 today. But if the bears take control over the market, the price could drop below 32700 and reach the Pivot Point.
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