Yesterday the American indices performed differently. The Dow Jones Industrial Average managed to rise, the NASDAQ 100 went down and the S&P 500 showed mixed sentiment. Today, the S&P 500 and the DJIA index are rising slowly, but the NASDAQ 100 is 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, the S&P 500 reached 4540. Then, in the early afternoon, it started falling. In consequence, the price finished the session slightly above 4510.
Today, the S&P 500 is rising slowly. It is already above 4515. If the buyers continue generating sufficient demand, the price might even go up above 4530 and reach today’s R1 resistance level. But if the bears counterattack, the price could drop below today’s S1 support level and 4500.
NASDAQ 100
NASDAQ 100 also was really volatile yesterday. First, the price rose above the R1 resistance level and 16040. Then, in the early afternoon, it started falling. In consequence, the price finished the session slightly below 15850.
During the first hours of today’s Asian trading session, the NASDAQ 100 dropped below 15830. Then, it started rising. If the buyers continue generating sufficient demand, the price might even go up above the Pivot Point and reach 15950 today. But if the bears counterattack, the price could fall below 15800 and reach today’s S1 support level.
Dow Jones Industrial Average
The DJIA index was the strongest one yesterday. After rising for many hours, the price reached 35100 in the evening. However, during the last 90 minutes of the American trading session, it dropped a bit. In consequence, the price finished the day a little above 35020.
During the first hours of today’s Asian trading session, the Dow Jones Industrial Average reached 34970. Then, it started rising. If the buyers continue generating sufficient demand, the price might go up above 35100 and reach today’s R1 resistance level. But if the bears counterattack, the price could even drop below today’s S1 support level and reach 34900.
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