Yesterday the American indices performed differently. The S&P 500 and the NASDAQ 100 rose strongly, but the Dow Jones Industrial Average showed mixed sentiment. Today the S&P 500 and the NASDAQ 100 are showing mixed sentiment, but the DJIA index 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
Yesterday was a great bullish session. After rising strongly for many hours, the S&P 500 finished the session above the R1 resistance level, a little below 4540. During the first hours of today’s Asian trading session, the price dropped to the Pivot Point, though. Then, it started rising slowly. If the buyers show their strength once again, the price might go up above 4455 and reach today’s R1. But if the bears take control over the market, the price could fall below 4430 today.
NASDAQ 100
NASDAQ 100 was even stronger yesterday. After rising significantly for many hours, the price finished the session above the R2 resistance level, exactly at 15700. During the first hours of today’s Asian trading session, it dropped below 15680. Then, the price started rising slowly. If the buyers show their strength once again, the price might go up above 15750. But if the bears take control over the market, the price could fall below 15650 and reach the Pivot Point today.
Dow Jones Industrial Average
The DJIA index was the weakest and least volatile one yesterday. First, the price managed to rise above 34650. Then, at the beginning of the American trading session, it started falling. In consequence, the price finished the day below the Pivot Point, at 34550.
During today’s Asian trading session, the price dropped below today’s S1 support level and 34500. Then, at the beginning of the European trading session, it started rising a bit. If the buyers show their strength, the price might go up above the Pivot Point and reach 34600 today. But if the bears take control over the market, the price could fall below today’s S2 and reach the EMA 200.
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