Yesterday the American indices went down once again. 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
The S&P 500 went down once again yesterday. The price finished the session slightly above the S1 support level, at 3920. Today it is showing mixed sentiment. The volatility is rather low, though. If the buyers take control over the market, the price might rise above 3940 and reach the R1 resistance level. But if the bears show their strength once again, the price could drop below 3910.
NASDAQ 100
NASDAQ 100 also went down yesterday. The price finished the session slightly above the S1 support level and 11390. Today it is showing mixed sentiment. The volatility is rather low, though. If the buyers take control over the market, the price might even rise above 11450. But if the bears show their strength once again, the price could drop below 11350.
Dow Jones Industrial Average
The DJIA index went down yesterday as well. The price finished the session slightly above the S1 support level, a little above 33150. Today it is showing mixed sentiment. The volatility is rather low, though. If the buyers take control over the market, the price might even reach the R1 resistance level and 33350. But if the bears show their strength once again, the price could drop below 33100.