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, slightly below 4100. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above 4110. But if the bears show their strength once again, the price could go down below 4080.
NASDAQ 100
NASDAQ 100 also dropped significantly yesterday. The price finished the session a little above the S1 support level, at 12450. Today it is showing mixed sentiment. If the buyers take control over the market, the price might even reach 12500. But if the bears show their strength once again, the price could reach 12350.
Dow Jones Industrial Average
The DJIA index dropped deeply yesterday as well. The price finished the session a little below the S2 support level, at 33750. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above 33800. But if the bears show their strength once again, the price could go down below 33700.
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