Yesterday the American indices performed differently. The NASDAQ 100 managed to rise, the Dow Jones Industrial Average went down and the S&P 500 showed mixed sentiment. Today all three of them opened much higher, but they have been going down slowly since then. 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, the S&P 500 managed to rise above the R1 resistance level and 4390. Then, in the afternoon, the price started falling. It even dropped below the S1 support level and 4340 in the evening. However, during the last two hours of the American trading session, the price managed to go up once again. In consequence, the S&P 500 finished the day at 4380.
Today the price opened 40 pips higher. However, it has been going down since then. If the buyers don’t generate some serious appetite soon, the price could drop to 4400 today. But if they do, the price might even reach 4430.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price managed to rise above the R1 resistance level and 15020. Then, in the afternoon, it started falling. The price even dropped below the S1 support level and 14800 in the evening. However, during the last two hours of the American trading session, it managed to go up once again. In consequence, the NASDAQ 100 finished the session a little below 15050.
Today the price opened 170 pips higher. However, it has been going down since then. If the buyers don’t generate some serious appetite soon, the price could drop to 15100. But if they do, the price might rise above 15250 today.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, the price dropped below the S2 support level and 33800. Then, in the evening, it managed to rise. In consequence, the price finished the session a little above the S1 and the EMA 200, exactly at 34000.
Today, the Dow Jones Industrial Average opened 280 pips higher. However, it has been going down since then. If the buyers don’t generate some serious appetite soon, the price could drop below 34200 today. But if they do, the price might rise above 34300.
SSL Secured