On Friday the American indices went down. Yesterday all three of them dropped even more. Today they are showing mixed sentiment. The volatility is rather low, though. What can they do next? Let’s try to answer that question in an analysis, S&P 500 first:
S&P 500
Friday was a really interesting session. First, the S&P 500 managed to rise above 4490. Then, at the beginning of the American trading session, the price started falling heavily. In consequence, it finished the last session of the week slightly below 4460. Yesterday wasn’t a really volatile session, due to the Juneteenth holiday. After going down slowly all day, the S&P 500 finished the session slightly below 4450.
During today’s Asian trading session, the price dropped below 4440. Then, at the beginning of the European trading session, it started rising. If the buyers continue generating sufficient demand, the price might go up above the R1 resistance level and reach 4460 today. But if the bears counterattack, the price could fall to the S2 support level and reach 4430.
NASDAQ 100
NASDAQ 100 also was really volatile on Friday. First, the price managed to rise above 15470. Then, at the beginning of the American trading session, it started falling heavily. In consequence, the price finished the last session of the week a little below the Pivot Point and 15280. Yesterday wasn’t a volatile session, due to the Juneteenth holiday. After going down slowly all day, the NASDAQ 100 finished the session a little below 15240.
During today’s Asian trading session, the price dropped below 15210. Then, at the beginning of the European trading session, it started rising. If the buyers continue generating sufficient demand, the price might go up above the R1 resistance level and reach 15300 today. But if the bears counterattack, the price could fall below 15200 and reach the S2 support level.
Dow Jones Industrial Average
The DJIA index was really volatile on Friday as well. First, the price managed to rise above 34880. Then, at the beginning of the American trading session, it started falling heavily. In consequence, the price finished the last session of the week slightly above 34600. Yesterday wasn’t a volatile session, due to the Juneteenth holiday. After going down slowly all day, the Dow Jones Industrial Average finished the session a little above the S1 support level and 34520.
During today’s Asian trading session, the price dropped below today’s S1. Then, at the beginning of the European trading session, it started rising. If the buyers continue generating sufficient demand, the price might go up above the R1 resistance level and reach 34600 today. But if the bears counterattack, the price could fall below 34400 and reach today’s S2.
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