On Friday the American indices showed mixed sentiment. Today all three of them are going down, 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 on Friday. First the price dropped to the S1 support level, but then, in the evening, it managed to rise. In consequence it finished the last session of the week slightly below 3890. Today, the price is going down, though. If the buyers don’t generate some serious appetite soon, the price could fall below today’s S1 and reach 3850. But if they do, the price might return above 3900.
NASDAQ 100
NASDAQ 100 also showed mixed sentiment on Friday. First the price dropped to the S1 support level, but then, in the evening, it managed to rise. In consequence it finished the last session of the week slightly below 11900. Today, the price is going down, though. If the buyers don’t generate some serious appetite soon, the price could fall below today’s S1 and 11800. But if they do, the price might return above 11950.
Dow Jones Industrial Average
The DJIA index showed mixed sentiment on Friday as well. First the price dropped to the S1 support level, but then, in the evening, it managed to rise. In consequence it finished the last session of the week at 30950. Today, the price is going down, though. If the buyers don’t generate some serious appetite soon, the price could fall below today’s S1 and reach 30600. But if they do, the price might even reach 31000.
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