Yesterday the American indices managed to rise. Today, the NASDAQ 100 is going up even more, but the S&P 500 and the Dow Jones Industrial Average 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

Yesterday was a really interesting session. First, during the Asian trading session, the S&P 500 dropped below the S1 support level. Then, at the beginning of the European trading session, it started rising significantly. In consequence, the price finished the day a little below the Pivot Point, at 4445.

During today’s Asian trading session, the S&P 500 rose above the EMA 200 and 4450. Then, at the beginning of the European trading session, the price started falling. If the buyers don’t generate some serious appetite soon, the price could drop below 4440 and reach the Pivot Point today. But if they do, the price might even reach today’s R1 resistance level.

SP 500

NASDAQ 100

NASDAQ 100 also was really volatile yesterday. First, during the Asian trading session, the price dropped below the S1 support level and 15080. Then, at the beginning of the European trading session, it started rising. In consequence, the price finished the day slightly below 15200.

During today’s Asian trading session, the NASDAQ 100 rose above the EMA 200 and 15230. Then, at the beginning of the European trading session, the price started falling. If the buyers don’t generate some serious appetite soon, the price could even drop to the Pivot Point. But if they do, the price might reach today’s R1 resistance level.

NASDAQ 100

Dow Jones Industrial Average

The DJIA index was really volatile yesterday as well. First, during the Asian trading session, the price dropped below the S1 support level and reached 33800. Then, at the beginning of the European trading session, it started rising strongly. In consequence, the price finished the day at the R1 resistance level, a little below 34150.

During today’s Asian trading session, the Dow Jones Industrial Average rose above the EMA 200 and 34200. Then, at the beginning of the European trading session, the price started falling. If the buyers don’t generate some serious appetite soon, the price could even drop below 34050 and reach the Pivot Point. But if they do, the price might reach today’s R1.

Dow Jones