Yesterday the American indices performed differently. The NASDAQ 100 managed to rise, the Dow Jones Industrial Average dropped significantly and the S&P 500 showed mixed sentiment. Today all three of them are showing mixed sentiment, though. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
The S&P 500 showed mixed sentiment yesterday. The price finished the session slightly below 4010. Today it is still showing mixed sentiment. If the buyers take control over the market, the price might rise above 4020 and reach the R1 resistance level today. But if the bears show their strength, the price could drop below 4000 and reach the EMA 200.
NASDAQ 100
NASDAQ 100 was the strongest one yesterday. The price managed to rise and finished the session slightly above 11620. Today it is showing mixed sentiment. If the buyers show their strength once again, the price might reach the R1 resistance level today. But if the bears take control over the market, the price could drop to 11550.
Dow Jones Industrial Average
The DJIA index was the weakest one yesterday. The price dropped deeply and finished the session below the S3 support level, exactly at 34000. Today it is showing mixed sentiment. If the buyers take control over the market, the price might rise above the Pivot Point and reach the EMA 200. But if the bears show their strength once again, the price could even drop to 38850.
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