Yesterday the American indices performed differently. The S&P 500 and the Dow Jones Industrial Average went down, but the NASDAQ 100 rose 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
Yesterday was a really interesting session. First, during the Asian trading session, the S&P 500 went down a bit. Then, at the beginning of the European trading session, the price rose significantly. After that, it started falling once again. In consequence, the price finished the day slightly below the S1 support level and 4130.
During the first hours of today’s Asian trading session the S&P 500 managed to rise above the Pivot Point. Then, the price started going down. If the buyers don’t generate some serious appetite soon, the price could drop below 4120 and reach today’s S1. But if they do, the price might return above the Pivot Point.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price started going up significantly at the beginning of the American trading session. It even rose above 13550, in the late afternoon. After that, it went down, though. In consequence, the price finished the session slightly below the R1 resistance level, a little above 13500.
During the first hours of today’s Asian trading session the NASDAQ 100 managed to rise above 13520. Then, the price started going down. Right now the bulls are trying to return above the Pivot Point. If they do it successfully, the price might even reach 13550. But if they fail, the price could drop below 13450 and reach the EMA 200.
Dow Jones Industrial Average
The DJIA index was really volatile yesterday as well. First, during the Asian trading session, the price went down a bit. Then, at the beginning of the European trading session, it returned above the Pivot Point. After that, the price started falling heavily. In consequence, the Dow Jones Industrial Average finished the day a little above the S2 support level, slightly below 33100.
During the first hours of today’s Asian trading session the price managed to rise a bit. After that, it was falling. At the beginning of the European trading session, the price started going up once again, though. If the buyers continue generating sufficient demand, the price might rise above the Pivot Point and reach 33200 today. But if the bears counterattack, the price could even drop to 33000.
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