Yesterday the American indices showed mixed sentiment. Today, the S&P 500 and the NASDAQ 100 are still showing mixed sentiment and the Dow Jones Industrial Average is going down. 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 showed mixed sentiment yesterday. The price finished the session slightly above 3910. Today, still nothing really has happened and the volatility is rather low. If the buyers show their strength, the price might rise above 3930 and reach the Pivot Point. But if the bears take control over the market, the price could drop below the S1 support level and the EMA 200.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment yesterday. The price finished the session slightly above 11180. Today, still nothing really has happened and the volatility is rather low. If the buyers show their strength, the price might rise above the Pivot Point and reach 11250. But if the bears take control over the market, the price could drop below 11100 and reach the S1 support level.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment yesterday. The price finished the session slightly below 33700. Today it is going down, though. If the buyers don’t generate some serious appetite soon, the price could drop below the S1 support level and reach 33400. But if they do, the price might rise above 33700.
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